State comptroller won't investigate St. Clare's pension crisis
February 21, 2019 11:31 AM
The state comptroller will not be investigating the St. Clare's pension crisis.
State Senator Jim Tedisco sent a letter to comptroller, Tom DiNapoli, requesting an audit.
In a response letter, the comptroller's office said they have no authority to do an audit, manage or investigate a private pension fund.
As NewsChannel 13 has been reporting since the fall, the former St. Clare hospital workers were told their pension plans had collapsed.
There's an estimated $42 million deficit in funding.
Created: February 21, 2019 11:31 AM
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