OSF HealthCare agrees to pay $25M to settle ‘church plan’ suit

A proposed class of existing and previous OSF HealthCare employees asked a federal judge in Illinois to accept the offer. Under the arrangement, OSF would pay $1.75 million in attorney fees, expenses and reward awards and $25 million toward funding its retirement plans through 2025, according to the report..

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The claim, filed in 2016, has been modified four times. It declares OSF underfunded its retirement strategies by numerous countless dollars by overemphasizing its connection to the church to receive ERISAs religious exemption..
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Peoria, Ill.-based OSF HealthCare has actually consented to pay $25 million to fix a claim alleging it skirted Worker Retirement Income Security Act requirements by declaring an exemption for “church strategies,” according to Law360..