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, August 23, 2013
Saint Peter's Gets Their IRS Ruling
According to a brief letter released by Saint Peter's to all plan members yesterday, the IRS has ruled that the Saint Peter's pension plan is a church plan, and has been since January 1, 1974. We cannot comment on the actual ruling, as we have not seen it. The class action suit brought on behalf of plan participants is still alive; we don't know what effect the recent ruling will have on the course of the suit.
