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Diocese Failed to Make Contributions to Hospital Employees' Pension Fund for Years
GoLocalProv
Aug. 30, 2017 "While records are incomplete, it is clear that between 2008 and time of the sale of the hospital in 2014, the Diocese repeatedly underfunded retirement payments or made no payment ... It is unclear how many years before 2008 the failure to make payments and partial payments goes back.... The bankruptcy of the pension fund impacts 2,800 and is the largest failure in Rhode Island history. The pension fund has a deficit of more than $160 million." MORE >> |
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