The management of Saint Peter's University Hospital is using the church to exempt itself from the Federal safeguards that protect your retirement plan. For an introduction, see Your Pension At Risk.
Friday, December 2, 2011
Church Plan Status
The administration of SPUH needs to answer several questions regarding the conversion to Church Plan status. Is the plan going to be funded in accordance with ERISA funding standards? If not, what funding method will be used? Is there any plan to reduce current benefits? If so, by how much? These are simple yes or no questions.
