PASCAGOULA, MS (WLOX) - The embattled Singing River Health System pension fund was once again the center of lively debate at Monday's Jackson County Board of Supervisors' meeting. This, one day after confidential documents revealing a potential settlement were leaked.
Once again, retirees criticized the secrecy surrounding the possible settlement. Harvey Barton, an attorney for several of the plaintiffs, was just as critical. He said it was a bad deal for the retirees and should be rejected.
Under the potential agreement, the health system will pay $142 million into the pension plan over the next 40 years. Jackson County will pay the health system $13.6 million in the span of eight years.
Meanwhile, attorneys who worked on hammering out the agreement are asking for fees in excess of $6 million. One retiree issued an impassioned plea to the supervisors, saying they need to do the right thing.
A hearing is set for Tuesday morning in Jackson County Chancery Court to discuss the potential settlement.