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, April 24, 2012

Update from John Matuska

To All SPUH Retirement Plan Participants:

I was invited to meet with representatives from SPUH to discuss the proposed changes to the retirement plan. The meeting was attended by Garrick Stoldt, Chief Financial Officer; Steven S. Radin, Esq., Vice President, Corporate and Legal Affairs; and Susan Ballestero, Vice President, Human Resources.

I would like to thank them for the invitation and the opportunity to share the concerns of plan participants. The meeting was an open and frank discussion of the issues and the confusing communications that have been sent to plan participants.

I also spoke to representatives at the Pension Benefit Guaranty Corporation (PBGC) and the Pension Rights Center (Center).

As always, there are two sides to a story.