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

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

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. He said he fully expected his defined benefit retirement plan would be secure under federal private pension law and protected by federal insurance.