St. Joseph Pensioners: 18 Who Made a Difference in 2018

Saturday, December 29, 2018

 

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The retirees pack every hearing

In August 2017, the pension fund of St. Joseph Health Services was thrust into receivership.

More than 16 months later, a lot has been learned about the malfeasance and fraud allegedly committed by the Diocese of Providence, CharterCare, and more than ten other companies and organizations that led to the more than $118 million pension fund shortfall. It is the largest pension collapse in Rhode Island history.

Now, due in part to massive fraud lawsuits, some of the monies are beginning to be collected — more than $16 million and the potential for much more.

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The driving force in this legal and financial nightmare are the members of the pension plan, especially the retirees who attend every hearing wearing their purple T-shirts adorned with the message “Save Our Pensions.”

The group is both elegant and determined. Primarily comprised of women in their 60s, 70s, and 80s, these are Rhode Islanders who dedicated their lives to attending to the health of others under the Catholic Church.

While receiver Stephen Del Sesto and special investigator Max Wistow are driving the legal strategy, it is the commitment to a fair and honest resolution for the retirees that drives the two attorneys and, hopefully, justice.

 

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