Raimondo signs legislation incentivizing St. Joseph pension plan settlements

GOV. GINA M. RAIMONDO signed legislation that is designed to incentivize defendants in class action lawsuits related to the St. Joseph pension plan to settle. / COURTESY OFFICE OF GOV. GINA M. RAIMONDO
GOV. GINA M. RAIMONDO signed legislation that is designed to incentivize defendants in class action lawsuits related to the St. Joseph pension plan to settle. / COURTESY OFFICE OF GOV. GINA M. RAIMONDO
PROVIDENCE – Gov. Gina M. Raimondo signed a bill into law Tuesday that is designed to incentivize the parties in the St. Joseph Health Services of Rhode Island Retirement Plan to settle their class action lawsuits. The plan became insolvent soon after the 2014 purchase by Prospect Medical Holdings Inc. and CharterCare Community Board of St.…

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