- Associated Press - Thursday, October 27, 2016

SEATTLE (AP) - A Renton-based health care system has agreed to pay $351.9 million to settle a class-action lawsuit over its employee pension plan.

The Seattle Times reports (https://bit.ly/2eeMKDN ) that two nurses with Providence Health & Services filed a lawsuit against their employer in 2014 arguing that the health care group failed to fully fund their workers’ retirement plan. Providence had claimed a church exemption that allowed them to not fully fund the pensions.

While the Providence case was ongoing, both a lower-court and an appeals court ruled on a separate case that a Catholic hospital chair may not claim church exemption.

With that legal precedent Providence agreed to put $350 million into its employee retirement plan over the next seven years and to pay about $500 each to 3,800 former employees.


Information from: The Seattle Times, https://www.seattletimes.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More

Click to Hide