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St. Clare’s pension fund shortfall much worse than hospital officials let on

DECEMBER 13, 2019 | by Rick Karlin | TIMESUNION (NEW YORK)

By Rick Karlin, includes “Officials of the former St. Clare’s Hospital received $28 million to cover pensions for employees after the facility was absorbed by the larger Ellis Hospital a decade ago. But on Thursday, it was revealed that St. Clare’s pension actually had a much larger $47 million deficit, according to a newly found document. And now, the entire affair may be under investigation by law enforcement officials. …”

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