Ascension settles lawsuit over pension plan exemption

Ascension Health has agreed to guarantee $29.5 million in pension benefits to settle a lawsuit that alleged the health care system improperly claim a religious exemption for a retirement plan. In July, a class-action suit was filed in U.S. District Court for the Northern District of Illinois against St. Louis-based Ascension Health and Wheaton Franciscan Services Inc., alleging Wheaton underfunded its pension plans and improperly claimed a church-plan exemption from the Employee Retirem ent Income…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Source Type: news