Tag Page Pensions

St. Clare’s pension verdict shakes Schenectady

A jury just awarded $54.2 million to over 1,100 former St. Clare’s Hospital workers after finding top leaders mismanaged their pensions—leaving many with little or nothing for retirement. Now, two of those leaders, including former Bishop Scharfenberger, have filed for bankruptcy, delaying the next steps in court. For so many local families, this case isn’t just about money—it’s about trust and security after years of service. How do you think our community should respond when leaders fail to protect workers’ futures? #Business #Schenectady #Pensions