Did you know that ERISA, or the Employee Retirement Income Security Act, was signed into federal law in 1974? ERISA establishes minimum standards for pension plans, and it also describes the laws for employee benefit plans. However, if your former employer decides to end your pension plan after becoming disabled, it is important to seek legal help immediately. By doing so, you will be able to fight to get the compensation you are entitled to.
– What can an attorney do for you outside of court? Before fighting your case in court, ERISA lawyers will help you understand your rights. For example, they will guide you through your SPD, or Summary Plan Description, in order to help you determine whether or not you actually meet all ERISA requirements. Fortunately, if you and your attorney determine that you do meet all ERISA requirements, ERISA gives you the right to sue for breaches of fiduciary duties and benefits.
– What can an attorney do for you inside of court? When your case finally makes it to court, an attorney will fight for your financial rights. This is because ERISA guarantees certain benefits, and if your employer unlawfully withholds these benefits, you may be able to receive financial compensation. Additionally, ERISA requires employers to give you adequate notice of your benefit denial with detailed reasons that are clearly understandable, so if you never received this type of notice, you can also sue for this reason.
If your former employer unlawfully denied or ended your pension when you became disabled, you may be able to fight for your rights. This is because attorneys are available to help you understand the ERISA Act, and they will also represent you in court if you meet all ERISA requirements. As a result, you may be able to get the compensation you are rightfully entitled to by hiring the best lawyer. Research more like this: herbertmhill.com