LAWSUIT FILED AGAINST SINGING RIVER HEALTH SYSTEM DUE TO UNFUNDED PENSION PLAN
Sep 15, 2015
Attorneys with Cunningham Bounds are working with the Biloxi law firm of Reeves & Mestayer to pursue a class action in federal court in Mississippi against Singing River Health System (SRHS) and other defendants related to their failure to properly fund the hospital’s pension plan.
Information regarding Singing River’s Pension Plan indicates that SRHS has not contributed funds to the Pension Plan since 2009. As a result, both current employees and retirees were given false information about their retirement benefits for years.
As of November 2014, the plan was underfunded by at least $149 million, said attorney Lucy Tufts of Cunningham Bounds. “Singing River and those named in this suit need to be held accountable.”
Singing River Health System operates two Mississippi hospitals: Singing River Hospital in Pascagoula and Ocean Springs Hospital in Ocean Springs. It also operates a number of community medical clinics throughout the Gulf Coast. SRHS is currently the largest employer in Jackson County, with approximately 2,400 employees and more than 600 retirees.
“This is the first federal suit to be filed against Singing River Health System and its collection of partners,” said attorney Lucy Tufts. “We will work tirelessly to fight for everyone who has been affected by this retirement crisis.”