St. Peter's University Hospital in New Brunswick, New Jersey. Photo: Carmen Natale/ALM The Good News for St. Peter's: Religious Exemption Means Pension Plan Isn't Underfunded
"We're, of course, delighted with Judge Shipp's decision granting our church plan status. It's been a long haul," said Jeffrey Greenbaum of Sills Cummis & Gross, representing St. Peter's.
February 21, 2023 at 03:25 PM
4 minute read
A federal judge has dismissed claims that a New Jersey hospital's pension plan is underfunded to the tune of $70 million, citing a U.S. Supreme Court ruling that exempted certain church-affiliated organizations from regulation under the Employee Retirement Income Security Act.
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