Featured Jobs
|
Retirement Plan Consultants
|
|
BPAS
|
|
Southern Pension Services
|
|
Pentegra
|
|
Managing Director - Operations, Benefits Daybright Financial
|
|
Retirement Plan Administration Consultant Blue Ridge Associates
|
|
BPAS
|
|
Anchor 3(16) Fiduciary Solutions
|
|
Regional Vice President, Sales MAP Retirement USA LLC
|
|
July Business Services
|
|
Relationship Manager for Defined Benefit/Cash Balance Plans Daybright Financial
|
|
BPAS
|
|
Cash Balance/ Defined Benefit Plan Administrator Steidle Pension Solutions, LLC
|
|
Retirement Relationship Manager MAP Retirement
|
|
MAP Retirement
|
|
ESOP Administration Consultant Blue Ridge Associates
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
Search the News Archive
|
5 Matching News Items |
| 1. |
The Daily Gazette
Nov. 13, 2018
"The sudden erosion of pension benefits for 1,100 former employees of the old St. Clare's Hospital in Schenectady is a scenario that isn't supposed to happen.... [ERISA] contained a religious exemption that was later expanded to hospitals operated by religious groups, and St. Clare's took advantage of that.... But what about the rest of America? Two generations of American workers increasingly don't have to worry about pension plan failures because fewer and fewer workplaces offer pensions."
|
| 2. |
The Daily Gazette
Dec. 24, 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)]
|
| 3. |
The Daily Gazette
Jan. 16, 2017
"The pension plan covering workers at the former St. Clare's Hospital has notified more than 1,100 participants that, based on current projections, it will run out of money to pay their retirement benefits in about another decade.... Three cases involving similar pension situations at religiously-affiliated health care organizations are headed to the U.S. Supreme Court this spring[.]"
|
| 4. |
Taunton Daily Gazette
Feb. 20, 2015
"Reed & Barton, the last and oldest silversmith company in a city still known as the Silver City, will cease all operations in Taunton [Massachusetts] no later than June.... Chief Executive Officer Tim Riddle confirmed Thursday that the 191-year-old family business had filed Chapter 11 bankruptcy protection ... Riddle blamed costly pension liabilities, ranging from $9.6 million to possibly $18 million, for sealing the fate of the historic business -- which since 1824 has been operating in [Taunton]."
|
| 5. |
Daily Hampshire Gazette
Oct. 5, 2020
"The Department of Family and Medical Leave said Friday that it will continue collecting a 0.75% payroll tax to build up the pool of money that workers will soon be able to draw upon to more easily take care of themselves and their families without facing a major financial crunch. The maximum weekly benefit under the program will remain at $850, the department said. The tax first went into effect Oct. 1, 2019."
|
|
Syntax Enhancements for Standard Searches
|