They worked at a Catholic hospital for decades. Then it took away their pension
St. Clare's Hospital was everything to Jerry and Kathy Adach.They married after meeting at the Schenectady, New York area hospital, where both worked, in the early '80s. Their two daughters were born there. The couple, who devoted a combined 59 years of service to the facility, had expected to retire with a good pension from the hospital.That is, until last year, when their former employer — which went out of business back in 2008 — delivered a gut punch: Its pension plan was in financial distress and wouldn't pay a dime of their expected benefits.For Jerry and Kathy, both 58, that means losing around $ 27,000 a year in planned retirement income — around a third of their combined income from the hospital."Last year, out of nowhere, they just said, 'We're done,'" said Jerry Adach, who works...
