Trinity Health hospital to pay $107M to settle pension mismanagement lawsuit


http://www.beckershospitalreview.com/legal-regulatory-issues/trinity-health-hospital-to-pay-107m-to-settle-pension-mismanagement-lawsuit.html

Pension

The $107 million settlement is more than 13 times larger than the $8 million settlement reached by St. Louis-based Ascension Health and its workers in a similar suit in 2015. In their suit against Ascension, workers claimed the system’s pension plans were underfunded by more than $444.5 million. The St. Francis and Ascension Health cases are the only two public settlements that have been reached in the 30 class-action suits filed in the past three years accusing religiously affiliated hospitals of mismanaging their pensions, according to the report.

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