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October 28, 2016

Providence to pay $352M for pensions

SEATTLE (AP) — A Renton-based health care system has agreed to pay $351.9 million to settle a class-action lawsuit over its employee pension plan.

The Seattle Times reports that two nurses with Providence Health & Services filed a lawsuit against their employer in 2014 arguing that the health care group failed to fully fund their workers' retirement plan. Providence had claimed a church exemption that allowed them to not fully fund the pensions.


 
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