PASCAGOULA — A settlement has been proposed in a lawsuit brought by several retirees against Pascagoula’s Singing River Health System when the pension plan was almost terminated last year.
Local media outlets report the agreement says the health system will contribute $142 million to the floundering pension fund between 2016 and 2051. The county would give the system $13.6 million to operate over the next several years.
The plan would not require a tax increase.
Under the plan, the court would appoint a four-member authority to oversee the operation of the health system. The pension fund affects 600 people.
Plaintiff attorney Earl Denham says the plan isn’t financially viable.
Jackson County supervisors will likely discuss the agreement Monday.