They worked at a Catholic hospital for decades. Then it took away their pension

Greg Iacurci  |  February 14, 2020

By Greg Iacurci, includes “Federal retirement law typically puts a backstop in place to prevent this sort of doomsday financial scenario for retirees and near-retirees. However, St. Clare’s was affiliated with the Roman Catholic Church. Its pension, and those of other nonprofits throughout the U.S. with ties to religious entities, are beholden to different rules that could ultimately leave people empty-handed or with reduced benefits.

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