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.


Thursday, August 27, 2015

New Date for Oral Argument

Oral argument in the Saint Peter's appeal has been rescheduled for Thursday, October 8 at 10:00 am at the U.S. Courthouse in Philadelphia. It had been previously scheduled for September 28. We will keep you informed of any further changes or updates.

5 comments:

  1. Just another stall by the Hospital to stick it up the employees asses!

    ReplyDelete
  2. Employer Identification Number:
    Date: FEB 23 203 22-1487330
    DLN:
    17007077071012
    SAINTS PETERS UNIVERSITY HOSPITAL Person to Contact:
    254 EAS TON AVE RAYMOND BEALE ID# 11674
    NEW BRUNSWICK, NJ 08901 Contact Telephone Number:
    (877) 829-5500
    Plan Name:
    SAINT PETERS UNIVERSITY HOSPITAL
    RETIREMENT PLAN
    Plan Number: 001
    Dear Applicant:
    We have made a favorable determination on the plan identified above based on the information you have supplied. Please keep this letter, the application forms submitted to request this letter and all correspondence with the Internal Revenue Service regarding your application for a determination letter in your permanent records. You must retain this information to preserve your reliance on this letter.
    Continued qualification of the plan under its present form will depend on its effect in operation. See section 1.401-1(b)(3) of the Income Tax Regulations. We will review the status of the plan in operation periodically.
    The enclosed Publication 794 explains the significance and the scope of this favorable determination letter based on the determination requests selected on your application forms. Publication 794 describes the information that must be retained to have reliance on this favorable determination letter. The publication also provide examples of the effect of a plants operation on its qualified status and discusses the reporting requirements for qualified plans. Please read Publication 794.
    This letter relates only to the status of your plan under the Internal Revenue Code. It is not a determination regarding the effect of other federal or local statutes.
    This determination letter is applicable for the amendment(s) executed on January 31, 2002.
    Issues arising from the amendment of a defined benefit plan's benefit formula to convert that formula into a cash balance type benefit formula are under study, and this determination letter does not express an opinion on any of these issues. A cash balance type formula generally defines a benefit for each employee by reference to a single-sum amount, such as 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance.
    This letter considers the changes in qualification requirements

    ReplyDelete
  3. SAINTS PETERS PETERS UNIVERSITY HOSPITAL
    the Uruguay Round Agreements Act, Pub. L. 103-465, the Small Business Job Protection Act of 1996, Pub. L. 104-188, the Uniformed Services Employment and Reemployment Rights Act of 1994, Pub. L. 103-353, the Taxpayer Relief Act of 1997, Pub. L. 105-34, the Internal Revenue Service Restructuring and Reform Act of 1998, Pub. L. 105-206, and the Community Renewal Tax Relief Act of 2000, Pub. L. 106-554.
    This letter may not be relied on with respect to whether the plan satisfies the requirements of section 401(a) of the Code, as amended by the Economic Growth and Tax Relief Reconciliation Act of 2001, Pub L. 107-16.
    The requirement for employee benefits plans to file summary plan descriptions (SPD) with the U.S. Department of Labor was eliminated effective August 5, 1997. For more details, call 1-800-998-7542 for a free copy of the SPD card.
    If you have questions concerning this matter, please contact the person whose name and telephone number are shown above.
    Sincerely yours,

    Paul T. Shultz
    Director,
    Employee Plans Rulings & Agreements
    Enclosures:
    Publication 794

    ReplyDelete
  4. Any update from the oral argument on 10/8/15?

    ReplyDelete
  5. Sorry for the delay. We've just posted an update.

    ReplyDelete

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