Tag : Church Pension Plans
title : New Jersey Pension Deemed Not 'Tax-Exempt Church Plan' by Federal Court, Starts New National Litigation
summary : A pension plan established by New Brunswick, N.J.- based Saint Peter’s Healthcare System does not qualify as a “church plan” that is exempt from the Employee Retirement Income Security Act, ruled a U.S. federal appeals court ruled this week. ERISA is the federal pension law that requires such plans to be fully funded, and provides employees with certain rights related to benefit entitlements. St. Peter's employs more than 2,800 people through 27 centers and facilities.
date : Jan 02, 2016 02:29 PM EST