SRHS agreement moves forward, but retirees may not get all they - WLOX.com - The News for South Mississippi

SRHS agreement moves forward, but retirees may not get all they hoped for

Retirees listening intently to testimony. (Photo source: WLOX) Retirees listening intently to testimony. (Photo source: WLOX)
JACKSON COUNTY, MS (WLOX) -

A final agreement to settle the battle over the Singing River Health System retirement plan could come within the next 30 days. However, retirees may not see all of the benefits promised them.

At a hearing Tuesday morning, a draft agreement between the hospital system and retirees was presented to Special Judge Breland Hilburn, who seemed pleased with the progress made by attorneys negotiating for the retirees and hospital system. Hilburn ordered the parties to continue negotiations and work out the details for a final agreement to be presented to him within the next 30 days.

Attorneys for Singing River Health System told the judge that while the agreement would require SRHS to pay 100 percent of what it owes into the retirement plan, that would not necessarily translate into 100 percent benefit payment to retirees. Payments will depend on many factors, including actuarial tables and return on investments.

Hilburn also dismissed the Singing River Health Foundation from the lawsuit filed on behalf of retirees represented by attorneys Harvey Barton and Earl Denham.

Doug Walker will have reaction from retirees and the next steps in this case on WLOX News.

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    SRHS retirees are not happy with possible settlement

    Monday, October 19 2015 6:43 PM EDT2015-10-19 22:43:26 GMT
    Tuesday, October 20 2015 6:53 AM EDT2015-10-20 10:53:08 GMT
    The future of the failing Singing River Health System's pension plan is again being debated. What's different this time, the debate centers around a proposed settlement plan that was leaked to the media on Sunday.  And many of the retirees and their attorney's aren't happy with the plan.More >>
    The future of the failing Singing River Health System's pension plan is again being debated. What's different this time, the debate centers around a proposed settlement plan that was leaked to the media on Sunday.  And many of the retirees and their attorney's aren't happy with the plan.More >>
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