The Employee Retirement Income Security Act (ERISA) establishes certain standards for health insurance plans purchased through your employer. These standards include the claim and appeal process, as well as the information that your insurance company is required to...
Retirement plan fiduciaries do, indeed, have major control over most accounts they manage for particular employers with respect to employee retirement funds. Employees are often also bound by income tax laws for some accounts, such as a 401(k) retirement savings...
While employers are not required to offer benefits to their workers, many employees in New Jersey receive health insurance and other perks through their jobs. Benefits plans that are offered by private employers are covered by the requirements of the Employee...
New Jersey residents know that their 401k plans will help them live comfortably after they retire. They pay into their plans every year to make sure that when they retire, they have the money that they need to continue to live comfortably. They have every right to...
Employer-sponsored pension plans in New Jersey and around the country must meet standards laid down by the Employee Retirement Income Security Act. When these standards are not met, employees may file lawsuits against their employers in federal court. One such lawsuit...
New Jersey workers often rely on their pensions and disability insurance as safety nets for the future. ERISA is a fundamental part of protecting workers from employer wrongdoing in these areas. Still, companies are often accused of misdeeds by violating regulations...
People in New Jersey who have private or employer-sponsored temporary or long-term disability insurance may have an important financial safety net if they suffer disabling injuries or illnesses that prevent them from returning to their jobs temporarily or permanently....
The Employment Retirement Income Security Act of 1974, more popularly known as ERISA, protects the retirement incomes of individuals in New Jersey and throughout the country. When disputes arise over ERISA benefits, an "actuarial equivalence" challenge might arise....
A federal judge agreed with a class of retirees who say that a calculation error occurred with the benefits they earned from a retirement plan offered by Colgate-Palmolive. The judge explained in her decision that the retirement plan in question began as a...
Princeton University trustees agreed to pay $5.8 billion to resolve an ERISA complaint filed by a former employee enrolled in two of the university's 403(b) plans. The New Jersey university also offered other remedies to demonstrate its goodwill efforts to improve the...
