Five Major Developments in St. Joseph Pension Fund Collapse

Thursday, October 12, 2017

Retirees have gotten active in their demands of the Diocese of Providence.

This has been a critical week in the effort to unveil the underlying issues in the St. Joseph Health Services’ pension fund collapse. First, GoLocalProv.com uncovered a key document relating to the decisions by the board of CharterCARE prior to the acquisition by Prospect of California.

SLIDES: READ THE 5 MAJOR DEVELOPMENTS BELOW

Then, Wednesday’s hearing by receiver Stephen Del Sesto before Judge Brian Stern addressed a number of critical points and set the stage for the next steps.  Third, the retirees and UNAP union got active and took their message to Bishop Thomas Tobin and the Diocese of Providence.