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Another Church Plan Lawsuit Is Filed Over PBGC-Exempt DB Plan
PLANSPONSOR 
Oct. 24, 2014
"According to the lawsuit, the Daughters of Charity Health System plan is underfunded by more than $229 million. In addition, on October 10, 2014, the health system announced it would sell its six California hospitals and medical foundation to Prime Healthcare Services and Prime Healthcare Foundation. 'Plaintiffs fear the sale threatens their earned pension benefits,' the complaint says."
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