On May 10, 2013, the Pension Benefit Guaranty Corporation (PBGC) announced that it would assume responsibility for the Hospital Center at Orange (HCO) pension plan, after the IRS revoked the plan’s “church plan” status. The Pension Rights Center sent a letter to Josh Gotbaum, director of the PBGC, thanking him and his staff for protecting the pensions of hundreds of HCO retirees.
Read the letter [PDF].
Read the PBGC press release and PRC’s press release.
Read about the IRS’ revocation of church plan status for the HCO pension plan in this March 29 PRC press release and in this April 2 New York Times article.
Read our fact sheets on church plans.