Dissolution of St. Clare’s Corp. delayed for review

April 18, 2019

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Ex-employees of the defunct St. Clare’s Hospital got a glimpse Tuesday into the legal mechanism through which the last remnants of their former employer are disappearing.

 

But it was only a glimpse, and it contained none of what they’ve been waiting to hear: that there’s some hope of restoring the pension benefits for 1,100 retirees whose monthly check has shrunk or disappeared.

 

About 30 pensioners filled the spectator seats of the courtroom for a brief hearing in the proposed dissolution of the St. Clare’s Corporation, the legacy entity of the financially troubled Schenectady hospital that state regulators shut down in 2008.

 

Read more on the Daily Gazette website.