Tuesday, May 02, 2006

ERISA Exemption For Church Plans Endangers Pensions Of Many Employees

Today's New York Times discusses the growing number of religiously-affiliated hospitals, schools, nursing homes, seminaries and charities that are taking advantage of an exemption for "church plans" in ERISA, the federal law that regulates pensions. Many employees are unaware that their employer has taken advantage of the exemption and that their pensions are no longer covered by federal insurance.