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Church pension plans

Twin Cities publisher agrees to pay $4.5M for pension plan failure

News Item

Augsburg Fortress Publishers will pay $4.5 million under a pending settlement to end a lawsuit over its failed pension plan.

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I.R.S. Reversal on ‘Church’ Pension Plan Rescues a Fund

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The Internal Revenue Service has taken an unusual step to rescue the pensions of more than 700 people whose fund was about to run out of money, but it said that their circumstances were unique and that it was not setting a precedent.

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Government Agencies Restore Protections to Hospital Retirees’ Pensions

News Release
"Church plan" designation for pension plan revoked in unprecedented action

WASHINGTON -- After a 10-year struggle, hundreds of former workers and retirees from the Hospital Center at Orange (HCO) once again have federal protections for their pensions.

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Rochester diocese pension fund falling short

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Battered by years of historically low interest rates, the pension fund for current and retired lay employees of the Roman Catholic Diocese of Rochester is underfunded to the point that its obligations nearly double its assets, raising concerns about the future of those benefits.

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Pension promises prove to be empty

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Pension. Remember when that word provided a sense of financial security to loyal, dedicated workers who toiled for many years, even decades, for the same company? Not anymore.

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A New Chapter of Pension Plan Woes

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Pensions used to be a reliable stream of retirement income, but these twists and turns could put a pension benefit in jeopardy.

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Erie's Saint Vincent Health Center considers pension-plan change

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Saint Vincent Health System, scrambling to reverse more than $23 million in losses since 2009, wants to save money by changing its employee pension plan.

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Saint Peter's University Hospital Retirement Plan: Responses to statements made in the February 24, 2012 letter and accompanying Q&A

Publication

This document is a direct response to the letter and Q&A sent out by Saint Peter's University Hospital CEO Ronald Rac.

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Saint Peter's University Hospital Retirement Plan: The law and the facts

Publication

In a letter dated February 24, 2012 to all Saint Peter's University Hospital Retirement Plan participants, Ronald C.

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Setting the record straight: Saint Peter’s University Hospital’s pension plan

Blog entry

A new PRC fact sheet refutes claims made by Saint Peter’s University Hospital (SPUH) that its pension plan is a church plan and has never been subject to federal law.

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