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Hospital System Pension Plan Members Urge OK Of $62M Deal

Law360 (June 11, 2018, 8:55 PM EDT) -- Participants of Hospital Sisters Health System Inc.'s employee retirement plan urged an Illinois federal judge Friday to approve a $62.5 million settlement of their claims that Sisters improperly used the Employee Retirement Income Security Act's church exemption to shortchange them by $514 million.

The settlement agreement would require Hospital Sisters, a nonprofit health care system that runs 15 hospitals throughout Wisconsin and Illinois, to donate the $62.5 million to the retirement plan over the course of four years, from 2019 to 2022.

Hospital Sisters would still...
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