A lawsuit claiming Midwestern health system Franciscan Alliance Inc. underfunded its pension plan by $320 million in allegedly misguided reliance on a religious exemption from federal pension law advanced.
A federal judge declined to dismiss the employees’ lawsuit, saying he needed more facts to determine whether Franciscan’s pension plan met the statutory definition of a “church plan” under the Employee Retirement Income Security Act. He also allowed the employees to move forward with claims of ERISA fiduciary breach and breach of contract under state law.
The March 27 decision by Judge Robert L. Miller Jr. of the U.S. District Court ...
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