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Church pension plans

The Pension Promise

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Quick question: When is a Jewish federation like a church? Answer: When it doesn’t have to fully protect its employees’ pensions.

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Loophole Puts Pension Plans at Risk

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Seeking to cut pension costs, Jewish social service groups are using an obscure tax loophole to skirt federal rules that protect workers from being left out in the cold if their retirement plans collapse.

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Signs Your Pension Plan Is in Trouble

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If your pension plan is underfunded, you could be at risk of losing some of your benefits. That isn't news. But did you know that your pension can be at risk even if the plan is relatively healthy?

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Switch to 'church plan' pension status at Saint Peter's University Hospital stirs concerns

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Larry Kaplan is feeling anxious, and he’s not alone.Ten years ago, Kaplan retired from his position as a manager for nutrition services at Saint Peter’s University Hospital, and he now lives in Toms River with his wife, Gloria.

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Workers fight switch to church pension plans

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The Employee Retirement Income Security Act, known as ERISA, regulates most private-sector pensions. But it has always exempted plans operated directly by churches for their clergy and employees to make it easier for the churches to operate their plans.

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N.J. workers at religious institutions fear change threatens pensions

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Tens of thousands of current and former employees at scores of religiously affiliated institutions across the country face the same fear, as nonprofits increasingly seek refuge in "church" pension plans to escape onerous financial obligations, according to Eric Loi, an attorney at the Washington D.C.-based Pension Rights Center.

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Some church-linked pension funds drop ERISA coverage

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Legal exemptions that allow church-affiliated organizations to sidestep ERISA protections for their defined benefit pension plans increasingly are being used for less-than-holy purposes...[NOTE:  A slightly different version of this article appears in Business Insurance.]

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Is your pension plan having a religious conversion? Here's what you can do.

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Have you received a notice informing you that your pension plan is seeking approval from the Internal Revenue Service to convert to a “church plan”?  Here’s what this means to your retirement – and what you can do about it.

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New IRS Procedures for Church Plan Rulings

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On September 26, 2011, the Internal Revenue Service (IRS) issued Rev. Proc.

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Milwaukee Archdiocese says pension recipients being paid on time

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All employee benefits have been paid on a timely basis and pension plans will continue to pay all benefits in the immediate future, the Archdiocese of Milwaukee assured pension recipients and contributors in a "media clarification" issued Oct. 26.

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