Ohio Federal Magistrate Approves Settlement In Church Plan Dispute

Mealey's (December 3, 2018, 12:04 PM EST) -- CINCINNATI — An Ohio federal magistrate judge on Nov. 28 issued an order of final approval of a settlement in a class action suit alleging that a nonprofit hospital company improperly classified its retirement plans as church plans after determining that the settlement, which would allow the retirement plans to continue to be classified as church plans and would provide full benefits to plan participants under the plans for nine years, was fair and reasonable (In re Mercy Health ERISA Litigation, No. 16-441, S.D. Ohio)....