Chicago hospital accused of illegally transferring pension obligations to an order of nuns


http://www.beckershospitalreview.com/legal-regulatory-issues/chicago-hospital-accused-of-illegally-transferring-pension-obligations-to-an-order-of-nuns.html

Pressure-on-hospital-pension-plans

Holy Cross is one of many healthcare organizations across the nation accused of misclassifying pension plans as church plans. According to Bloomberg BNA, 30 similar lawsuits have been brought against religiously affiliated healthcare companies over the past three years. In May, Hartford, Conn.-based St. Francis Hospital, part of Livonia, Mich.-based Trinity Health, agreed to pay $107 million to settle a lawsuit alleging it mismanaged its pension plan by classifying it as a church plan.

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