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$82M Pension Settlement Reached

This is a settlement for the Employment lawsuit.

Los Angeles, CA:An employment lawsuit filed in 2010 alleging Meriter Health Services improperly calculated employee pensions, has reached a $82 million settlement, which will see some 4,000 Meriter Health Services employees receive an average of $14,000 each in damages. A dozen people named as plaintiffs will each get an additional $5,000, and another 2,000 people will each receive about $250. Overall, more than $56 million will be allocated to about 6,000 people in 11 classes in the suit.

The lawsuit alleged Meriter' pension plan miscalculated benefits from 1987 to 2014. Both parties have agreed to the $82 million settlement, but a final settlement hearing is scheduled for some time in January.

Meriter Health Services became part of Iowa-based UnityPoint Health this year.

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Published on Sep-17-14


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