US. Citing Advocate Ruling, Judge Signs Off On $4M ERISA Deal
An Illinois federal judge on Thursday gave the go-ahead to a $4 million settlement in a pension dispute between a Chicago-area hospital and a class of its employees, saying the deal is appropriate given the U.S. Supreme Court’s extension of the Employee Retirement Income Security Act’s church exemption.
US District Judge Manish Shah said that the agreement, which puts to rest the employees’ claim that Holy Cross Hospital violated ERISA when it underfunded and then terminated their pension plan, was a fair settlement given the high…
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