AME Church and Providers Sued Over Retirement Plan Losses
According to the lawsuit, the plan’s assets are being audited and disbursements to retirees have paused.
Tag: church retirement plans
Mercy Health Gets a Victory in Church Plan Lawsuit
While an appellate court ruled that Mercy Health's pension plan is a church plan exempt from ERISA requirements, a district court must determine whether ERISA's exemption violates the...
Archdiocese Accused of Filing for ‘Church Plan’ Status to Avoid Pension Funding
Rather than filing an Employee Retirement Income Security Act (ERISA) action in federal court, the plaintiffs filed the complaint in state court alleging the Archdiocese of Newark violated...
Churches Urge Quick Passage of Church Plan Clarification Legislation
Chief executive officers of Church Alliance member organizations submitted letters to key Congressional leaders relating to an issue of an informal position taken by the Treasury Department and...
Court Order to Pay Pensions Leads Archdiocese of San Juan to File Bankruptcy
The U.S. Supreme Court denied the archdiocese’s application for a temporary reprieve from a court order to pay $4.7 million to both retired and active teachers; however, filing...
R.I. Treasurer Calls for Church Pension Plan Transparency
He says he will seek legislation that would require pension plans managed by religious organizations in Rhode Island to send regular updates on the financial health of the...