Tag: Church pension plans|Congress|ERISA|IRS|Lawsuit|PBGC|Pension Rights Center|Traditional (defined benefit) pensions|Underfunding
Pension Rights Center Statement on Saint Peter’s Healthcare System “Church Plan” Ruling from the IRS
WASHINGTON – Last week, Saint Peter’s University Hospital employees and retirees were notified that the Internal Revenue Service had issued a Private Letter Ruling saying that their pension plan is a “church plan.” If allowed to stand, the ruling will mean that the pension plan will no longer be protected by ERISA (the Employee Retirement […]
