03 Apr Will hospital workers lose their pensions?

Employees of Catholic hospitals are fighting to make sure their pensions are protected, and their case is now before the U.S. Supreme Court. At issue is whether or not Catholic hospital pensions should be subject to federal pension rules, or be allowed to be considered “church” plans. If the Court votes in favor of the pensioners, lawsuits brought by pensioners in local jurisdictions can continue.

The case impacts thousands of New Jersey workers, including employees of St. Peters. It more dire for 79 employees of the now defunct from St. James Hospital. The pensioners learned a few months ago that their pension fund is almost out of money, and the fund is no longer subject to federal protections.

Learn more in this Bamboozled column on NJ.com, which details this scramble to restore protections for the pension funds.