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St. Vincent's $35.4-million pension plan.

St. Vincent's $35.4 -million Pension Plan

Company: ST. VINCENT INFIRMARY MEDICAL CENTER City: Little Rock Contact: Eldon Dingler Funds: Pension Plan

As of January 1990 there were 2,517 participants in St. Vincent Infirmary Medical Center's defined benefits pension plan. Of those, 277 were drawing benefits and 444 had either retired or left the employment of the hospital.

The plan had assets of $31.9 million and 2,406 participants as of June 1989. The plan became effective in 1964 and currently has assets of $35.4 million.

"The more funding, the better you are," says Eldon Dingler, a member of the retirement committee. And according to Dingler, St. Vincent Infirmary's plan is over funded by government standards. The actuary for the fund is Hewitt Associates.

PHOTO : MORE THAN ENOUGH: St. Vincent Infirmary's $35.4 Million in assets exceeds government requirements for pension funds.
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Title Annotation:St. Vincent Infirmary Medical Center
Publication:Arkansas Business
Date:Apr 29, 1991
Words:145
Previous Article:Alltel's $235 million pension plan tops the list.
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