- Rak claims, multiple times, that the plan has never been subject to Federal ERISA law. In this he cites the hospital's outside benefits consultants and attorneys, but the claim ignores actual documented history.
- Directly contradicting statements made by COO Pat Carroll and CFO Garrick Stoldt in December, St. Peter's will seek refunds of PBGC insurance premiums. (We can assume that, also contrary to claims made by the hospital in December, the pension benefit will not be insured going forward.)
(Note: This post was edited on 2/27 to add more information and to dial back some language that may have been unduly harsh.)