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PBGC to the Rescue

May 22, 2012

PBGC has stepped in to protect the retirements of health-care workers at Lower Bucks Hospital in southeastern Pennsylvania and North Adams Regional Hospital in Massachusetts

For more than 50 years, the not-for-profit Lower Bucks Hospital, has maintained its healing mission, serving a population of more than 300,000 people. Although Lower Bucks Hospital will continue to operate, its roughly 1,600 caregivers and other staff will now receive their pension benefits from PBGC.

Fortunately, North Adams Regional Hospital also will continue its century-long tradition as a full-service community hospital for the Northern Berkshires. Because the hospital could not afford to keep its pension plan, PBGC will pay benefits to its 700 workers and retirees.

For more information, see the Lower Bucks Hospital plan page or the North Adams Regional Hospital plan page.

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