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State comptroller won't investigate St. Clare's pension crisis

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.

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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.

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WNYT Staff

Copyright 2019 WNYT-TV LLC, a Hubbard Broadcasting Company. All rights reserved

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