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.
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.
Friday, August 23, 2013
Saint Peter's Gets Their IRS Ruling
According to a brief letter released by Saint Peter's to all plan members yesterday, the IRS has ruled that the Saint Peter's pension plan is a church plan, and has been since January 1, 1974. We cannot comment on the actual ruling, as we have not seen it. The class action suit brought on behalf of plan participants is still alive; we don't know what effect the recent ruling will have on the course of the suit.
Posted by SPUH Blog Admin at 2:25 PM