St. Joseph’s receiver tries to gain federal pension guarantee in unprecedented move

ATTORNEY STEPHEN DEL SESTO has applied to have the the St. Joseph's pension plan subject to the Employee Retirement Income Security Act. The plan previously had been exempt as a
ATTORNEY STEPHEN DEL SESTO has applied to have the the St. Joseph's pension plan subject to the Employee Retirement Income Security Act. The plan previously had been exempt as a "Church Plan." He and the plan are awaiting a decision on the application. / PBN FILE PHOTO/MICHAEL SALERNO
PROVIDENCE – The receiver for the St. Joseph’s Retirement Benefit Fund, Stephen Del Sesto, a partner at Pierce Atwood LLC, has applied to have the plan covered by the Employee Retirement Income Security Act under the federal Pension Benefit Guaranty Corp. More than 2,700 current and former workers at St. Joseph’s Hospital and Our Lady…

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