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Workers Find Retirement Money Jeopardized by Loophole Treating Hospitals, Agencies as Churches

posted on October 7, 2013

The Associated Press reports on the underfunding of pensions at religiously-affiliated hospitals, businesses, and agencies through a legal loophole designed to protect church finances. The article notes, “A pension is, essentially, a promise. For millions of workers counting on pension checks for retirement security, that promise comes with protections … those protections do not cover all workers or pensions. Because of a legal loophole, there are actually parallel pension systems. One comes with safeguards. The other, while it may be backed by good faith and honorable intentions, has no safety net.”

Read at The Associated Press