by Tom Haydon | Jan 25, 2012 | News
By the time she left for another job in 1999, she was vested in the hospital’s federally insured pension program — confident her earned pension of $20,000 or more a year would be there for her when she eventually retired. That confidence was shattered last...
by G. Jeffrey MacDonald | Feb 1, 2011 | News
(RNS) In a blow to retirees of a major Lutheran publishing house, a federal judge has ruled that Augsburg Fortress’ now-dissolved pension plan was exempt from federal regulations that would have required it to meet minimum funding levels. But the case remains open as...
by G. Jeffrey MacDonald | Dec 14, 2010 | News
(RNS) Religious denominations have long provided retired clergy and staff with secure pension payments—more secure, in some cases, than corporate retirement plans. But some recent bumps have drawn attention to the vulnerabilities of so-called “church plans,” which are...
