12:00 – 1:30 pm EDT
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Several lawsuits have recently been filed by plaintiffs’ class action law firms challenging the “church plan” status of certain pension plans that are maintained by church-sponsored hospital systems. These recent complaints are likely the beginning of a new wave of lawsuits challenging underfunded pension plans as all significant religious hospital groups and other nonprofits are targets for similar lawsuits. The lawsuits attempt to overturn a well-settled Internal Revenue Service ruling position on church plan status by making three arguments in each case:
- Church plan status should not be allowed at all for hospital-sponsored pension plans.
- Even if the church plan could be sponsored by the hospital system, the hospital system in each case is insufficiently controlled by or associated with the church.
- The church plan exemption under the Employee Retirement Income Security Act of 1974 (ERISA) violates the First Amendment of the Constitution.
Please join our seasoned panel of employee benefits, health and litigation lawyers as they present this complimentary webinar that will examine the recent complaints and provide insight into the anticipation of more class action litigation and recommended next steps to protect organizations that sponsor church plans.
Ralph E. DeJong, Partner
Nancy G. Ross, Partner
Joseph K. Urwitz, Associate
David E. Rogers, Partner
For more information, please contact McDermott Events.
CLE credit for the live presentation of this program is pending in the following states: California, Illinois, New York and Texas. A Uniform Certificate of Attendance will be made available to participants requesting CLE credit in all other states. Please be advised that CLE credit will not be approved for on demand/recorded viewings of this program in the states listed above. Attendees seeking credit in other states should consult their state CLE accrediting agency to determine whether self-study credit can be earned for on demand/recorded viewing of this program.