PRC In the News
Church Plan Decision Bolsters Credit Ratings, Despite Unresolved Issues
A recent U.S. Supreme Court decision in favor of pension-law appeals by three religiously affiliated hospital systems was deemed a credit positive for such entities. However, further litigation is likely.
Are you entitled to a pension you’ve left behind?
It’s not every day you get good news from the IRS. But that’s exactly what happened to Danny Jo Wright of Austin, Texas, when he applied for Social Security in 2013. In a letter from Social Security, the IRS informed him he was entitled to a pension from the drug company he had worked for […]
Supreme Court Ruling Did Not Resolve Church Plan Challenges
Following oral arguments in March in three cases challenging health care organizations’ church plan status, the U.S. Supreme Court found plans maintained by principal-purpose organizations qualify as “church plans.” However, it did not rule that the hospitals in these cases were principal-purpose organizations.
More challenges promised despite church-plan victory
Sponsors of church-related pension plans are celebrating a Supreme Court decision upholding their right to be exempt from federal pension rules, but participant advocates vow to continue challenging them on other legal points and in new venues, including state courts.
Supreme Court Ruling Imperils Pension Protections
In a blow to the hundreds of thousands of employees of religiously-affiliated hospitals, schools and social services organizations, the U.S. Supreme Court said that their pensions might not be protected by federal ERISA laws.
Hospitals’ Pension Win at High Court Might be Short-Lived
Three religious-affiliated, nonprofit hospital systems won reprieves from multimillion-dollar class actions Monday in the U.S. Supreme Court. But that relief may not be long-lasting.
Supreme Court says religious hospitals don’t have to comply with federal pension protections
Employees of religious hospitals — including St. Peters University Hospital in New Brunswick and the now defunct St. James Hospital in Newark– were dealt a blow by the U.S. Supreme Court Monday.
SCOTUS Sides With Religious Hospitals in Church Plan Dispute
Religiously affiliated hospitals can run their pension plans as church plans exempt from federal funding requirements, the U.S. Supreme Court ruled.
Despite setback, Illinois still planning to roll out Secure Choice retirement savings plan
Some years after starting a T-shirt and promotions business in 1981, Bob Chambers thought about ways to keep his employees invested in his company. One of the things he thought of was offering a retirement plan for employees who wanted to participate in putting money aside for their retirement.
How to Find an Old Pension or 401 (k) Account
It’s easy to lose track of a 401(k) or pension plan over the years. Ordinarily the best way to recover those missing retirement assets is to contact the former employer’s human resources department. But what if that employer insists that you cashed out your retirement plan long ago or rolled it into a different retirement […]
Now to save coal miners’ pensions
The pension crisis threatens almost 120,000 miners and widows, including 9,000 in Kentucky, and will be thornier than health care to fix because it’s part of a wider problem.
Union pension crisis threatens retirement funds
John Raffiani’s retirement didn’t last long. Facing a steep cut in his Teamsters trucking pension, the 70-year-old Greene County man went back to work more than a year ago after a short time away from full-time labor.
