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Church Plan Decision Bolsters Credit Ratings, Despite Unresolved Issues

06/14/2017 | Healthcare Financial Management Association

A recent U.S. Supreme Court decision in favor of pension-law appeals by three religiously affiliated hospital systems was deemed a credit positive for such entities. However, further litigation is likely.

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Are you entitled to a pension you've left behind?

06/14/2017 | CBS MoneyWatch

It's not every day you get good news from the IRS. But that's exactly what happened to Danny Jo Wright of Austin, Texas, when he applied for Social Security in 2013. In a letter from Social Security, the IRS informed him he was entitled to a pension from the drug company he had worked for years ago.

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Supreme Court Ruling Did Not Resolve Church Plan Challenges

06/14/2017 | PlanSponsor

Following oral arguments in March in three cases challenging health care organizations’ church plan status, the U.S. Supreme Court found plans maintained by principal-purpose organizations qualify as “church plans.” However, it did not rule that the hospitals in these cases were principal-purpose organizations. 

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More challenges promised despite church-plan victory

06/12/2017 | Pensions & Investments

Sponsors of church-related pension plans are celebrating a Supreme Court decision upholding their right to be exempt from federal pension rules, but participant advocates vow to continue challenging them on other legal points and in new venues, including state courts.

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Supreme Court Ruling Imperils Pension Protections

06/06/2017 | Forbes

In a blow to the hundreds of thousands of employees of religiously-affiliated hospitals, schools and social services organizations, the U.S. Supreme Court said that their pensions might not be protected by federal ERISA laws.

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Hospitals' Pension Win at High Court Might be Short-Lived

06/05/2017 | National Law Journal

Three religious-affiliated, nonprofit hospital systems won reprieves from multimillion-dollar class actions Monday in the U.S. Supreme Court. But that relief may not be long-lasting.

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Supreme Court says religious hospitals don't have to comply with federal pension protections

06/05/2017 | The Star-Ledger

Employees of religious hospitals -- including St. Peters University Hospital in New Brunswick and the now defunct St. James Hospital in Newark-- were dealt a blow by the U.S. Supreme Court Monday.

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SCOTUS Sides With Religious Hospitals in Church Plan Dispute

06/05/2017 | Bloomberg BNA

Religiously affiliated hospitals can run their pension plans as church plans exempt from federal funding requirements, the U.S. Supreme Court ruled.

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Despite setback, Illinois still planning to roll out Secure Choice retirement savings plan

05/20/2017 | The Southern Illinoisan

Some years after starting a T-shirt and promotions business in 1981, Bob Chambers thought about ways to keep his employees invested in his company. One of the things he thought of was offering a retirement plan for employees who wanted to participate in putting money aside for their retirement. 

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Lawmakers Introduce Legislation to Stop Multiemployer Plan Benefit Cuts

05/10/2017 | PlanSponsor

Senator Bernie Sanders (I-Vermont) and Representative Marcy Kaptur (D-Ohio) introduced legislation, The Keep Our Pension Promises Act, which would reverse a provision passed in 2014 that could result in deep pension cuts for millions of retirees and workers in multiemployer pension plans.

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