Click here for a short summary of the issue. Click here for a detailed timeline.
See also the Pension Rights Center website.
Click here for ex-St. Peter's CEO John Matuska's 2011 letter to the IRS.
Click here for ex-St. Peter's VP of HR Bruce Pardo's 2011 letter to the IRS.
Haga clic aqui para verun resumen del problema en español.


Tuesday, December 27, 2011

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3 comments:

  1. I read in an article that SPUH was spending
    $7 million to build a new chapel. If they have that kind of money, why not put it into the pension plan which is only 63% funded. They argue that the monies will come from fund raising, not operating dollars. Why not start a campaign to raise money for the pension plan.Maybe it's time for Mr. Rak and the Bishop to look for new careers.

    ReplyDelete
  2. Regardless of how the IRS rules, our most important accomplishment is that we have made this a very public issue.Despite what is being said by SPUH
    Administration, there are several important issues that need to be clarified if IRS approval is granted. First is that if the Plan will no longer be insured by the PBGC, how will it be insured as stated in the Newark Star Ledger article? Second is at what level will the plan be funded? Finally, what changes will be made to the Plan, if any? SPUH Administration has been reluctant to give answers to any of these questions. We must be prepared on February 28th to demand answers to these issues.

    ReplyDelete
  3. What happened to that meeting on February 28,2012? Contacted HR by email. Got the usual run around. Great way to treat retired employees after 25 yrs of service. I thought more on SPUH when I worked there.

    ReplyDelete

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