I'd never heard the term "rabbi trust" before. Now I know not to trust one.
https://www.wbur.org/news/2025/05/01/steward-health-care-deferred-compensation-massachusetts
[Retired former CMO Dr Alan] Hackford's funds, along with those of other participating employees, will likely be used to help pay off some of the more than 100,000 creditors Steward listed in court documents when it filed for bankruptcy last May.
"It was sort of like a big loan to Steward," Hackford said. "And now they're kind of saying, 'Well, we're taking it back, even though you earned it.' "
#RetirementPlanning #Investment #USHealthcareSystem #LegalScam #Massachusetts
