A federal judge in U.S District Court for the District of Colorado has issued a summary judgment in favor of sponsors of Catholic Health Initiatives’ defined benefit pension program.
The so-called “church plan” case could have ramifications for other similar claims around the country.
The Employee Retirement Income Security Act exempts church plans from most of the law’s requirements. ERISA defines church plans as pension plans “established and maintained for its employees by a church or by a convention or association of churches” that have tax-exempt status.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
