Companies are not only in the business of producing goods or providing services, they are usually also in the business of employing people, and that is no small task. The employer-employee relationship is heavily regulated by state and federal laws and regulations with retirement issues being among the most complicated and risk-sensitive. The changing landscape of business and industry over the last several decades has shined a brighter light on retirement matters, which means businesses in West Virginia (WV), Kentucky (KY), and Ohio (OH) are in more need than ever of a tristate ERISA and pension attorney.
ERISA: A Tristate ERISA and Pension Attorney’s Main Focus
The Employee Retirement Income Security Act of 1974 (ERISA) and its implementing regulations are the primary sources of control over employers’ treatment of employee retirement plans. The Act does not mandate that employers offer pension plans; it only governs how employers manage plans once they are established and sets forth rights for employees participating in those plans. ERISA and its regulations are frequently litigated across the country, resulting in a continual need for ERISA attorneys to stay current on court decisions and changing laws or regulations.