Lawsuits filed by attorney general and St. Clare s retirees allege Albany diocese and pension board mismanaged fund, wiping out hundreds of retirement funds
The New York Attorney General has filed suit against the Roman Catholic Diocese of Albany, claiming the latter mishandled pensions for retirees of St. Clare's Hospital, thereby allegedly dodging its financial and legal responsibilities. In the lawsuit, Attorney General Letitia James claimed the diocese did not administer the pension properly, resulting in the total loss of
The New York Attorney General's Office on Tuesday said the Roman Catholic Diocese of Albany shirked its duty to protect and preserve the retirement fund of more than 1,000 former St. Clare's Hospital employees, who were stripped of their pension benefits.
New York attorney general blames Roman Catholic Diocese of Albany for depleted pensions of more than 1,100 employees of the former St. Clare s Hospital.