Dignity Health allegedly used the religious exemption to underfund its pension plan by $1.5 billion. Under the proposed settlement, Dignity would add $50 million in retirement plan funding in 2020 and 2021.
The settlement also requires Dignity to fund the pension plan until 2024 and prohibits the health system from reducing accrued benefits because of a plan merger or amendment for 10 years, according to the report.
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