The Pension Benefits Guaranty Corp. has agreed to pay pensionbenefits to more than 800 former employees of the Hospital Centerat Orange, a facility that provided primary and emergency care inOrange Township, N.J., before closing its doors in 2004. This was areversal of a prior opinion.

The hospital’s pension plan originally was covered by theEmployee Retirement Income Security Act and protected by PBGC. In2003, it became affiliated with Cathedral Healthcare System Inc., achurch plan, and the IRS removed it from PBGC’s protection.

The Pension Rights Center asked that the PBGC and the IRSrevisit the designation.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.