We work for a large portion of our lives, and there are a lot of facets to employment law because of this. Of them, retirement law tends to be most complicated and disputed. Employers may try to violate acts such as ERISA, but there are federal laws setting minimum standards for health plans and pensions. Lawyers are here to defend the things you’re entitled to, and provide protection for individuals in these plans.
ERISA Litigation
The Employee Retirement Income Security Act (ERISA) is a retirement plan for employees, and it requires participants to be provided with plan information. This information includes all features and funding. In addition, ERISA sets a minimum for participation, vesting, benefit accrual, and funding. The application of fiduciary responsibilities to retirement plans gives participants the right to sue when necessary, including grievance and appeals processes. For defined benefit plans, ERISA guarantees payment of certain benefits through the Pension Benefit Guaranty Corporation (PBGC). The PBGC is a federally chartered corporation, which ensures your benefit payout.