Coming Monday - INVESTIGATION: The Real Cost of the St. Joseph Pension Fund Collapse
Sunday, December 03, 2017
GoLocalProv News Team
COMING MONDAY: An ongoing GoLocal investigation into the largest pension failure in Rhode Island State history takes a dramatic turn.
When the St. Joseph Health Services pension fund was thrust into receivership in August of this year, about 2,800 members of the pension plan were faced with a reported $40 million pension fund shortfall and were looking at a proposed 40 percent cuts to their retirement benefits.
Monday, GoLocal will report on a new set of numbers — numbers that dramatically change the impact of the pension failure and the ongoing effort to recover funds for the pension plan members.