It's been about a week since St. Peter's CEO Ron Rak released a letter announcing the hospital's plan to end the St. Peter's Retirement Plan as we know it. The hospital's PR director concurrently released a "Q&A" document, answering questions which no one had actually asked.
The management of Saint Peter's University Hospital is using the church to exempt itself from the Federal safeguards that protect your retirement plan. For an introduction, see Your Pension At Risk.