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Government Agencies Restore Protections to Hospital Retirees' Pensions
Pension Rights Center [PRC]
[Opinion] Mar. 31, 2013 "After a 10-year struggle, hundreds of former workers and retirees from the Hospital Center at Orange (HCO) once again have federal protections for their pensions. In an unprecedented move, the Internal Revenue Service (IRS) has reversed its 2003 decision to grant HCO's pension plan recognition as a 'church plan.' The IRS' action paves the way for the [PBGC] to restore insurance protections to the HCO plan." MORE >> |
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