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Appellate Court Affirms Right of Retirees to Sue for Underfunding of Church-Affiliated DB Plan
The Daily Gazette 
Dec. 27, 2021 "The Appellate Division of state Supreme Court rejected an attempt by the Roman Catholic Diocese of Albany and the St. Clare's Corporation to dismiss the pensioners' lawsuit against them.... Because the fund was church-affiliated, it was exempt from federal insurance requirements, leaving no safety net for the pensioners when the money ran out. The diocese has rejected responsibility for causing the crisis or paying to resolve it." [Hartshorne v. The Roman Catholic Diocese of Albany, New York, 2021 NY Slip Op. 07329 (3rd App. Div., Dec. 23, 2021)] MORE >> |
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