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.
Monday, March 28, 2016
St. Peter's Appellate Rehearing Denied
You may remember (you certainly should!) that back in January, Saint Peter's announced that they had filed to request that the entire Third Circuit re-hear the appeal that a three-judge panel had previously denied. On Friday, March 18, the Third Circuit denied Saint Peter's request for a rehearing. Today, the Third Circuit sent the case back to the New Jersey District Court for a decision, which will presumably go against Saint Peter's. It will be interesting to see what Saint Peter's does next; plainly they do not intend to run the pension plan as an ERISA plan.
