Radiologist can sue former practice over $127,000 pension cut, judge rules
A West Virginia radiologist can move forward with a lawsuit against his former practice, charging that he was shorted pension pay, a judge ruled recently.
Timothy Conner, MD, alleges that after announcing his resignation as director and shareholder at Associated Radiologists in 2018, the firm promised a lump sum payout of $1 million from his retirement plan. However, he learned later that the account was woefully underfunded and he’d instead have to chip in $330,000, Bloomberg Law reported Feb. 18.
The doc later learned that his pension payment would total $127,000 less than he calculated, compelling him to file the lawsuit.
Judge Thomas E. Johnston ruled Feb. 14, that Conner can move forward with most of the eight-count suit, which includes allegations of mismanaging the retirement plan and misinforming plan holders about benefits. Johnston, meanwhile, tossed charges that Associated Radiologists violated the Employee Retirement Income Security Act.
Read more in Bloomberg Law.
Marty Stempniak has covered healthcare since 2012, with his byline appearing in the American Hospital Association's member magazine, Modern Healthcare and McKnight's. Prior to that, he wrote about village government and local business for his hometown newspaper in Oak Park, Illinois. He won a Peter Lisagor and Gold EXCEL awards in 2017 for his coverage of the opioid epidemic.