RHODE ISLAND
GoLocalProv
Friday, August 18, 2017
GoLocal News Team
United Nurses and Allied Professionals (UNAP) general counsel Christopher Callaci released the following statement today after GoLocal Prov unveiled the bankrupcty on Friday:
“We are deeply troubled by the potential impact this receivership may have on our members and their families who, for years, have been told they would be able to rely on this fund when they needed it the most.”
The UNAP intends to be centrally involved in the receivership process and looks forward to working with the court-appointed receiver to preserve the benefits of its members.
This receivership raises a number of serious questions regarding how the fund was managed.
We expect the Roman Catholic Diocese of Providence to be transparent about how the fund has been bled and left with a $43 million shortfall and what they plan to do to about it. There is a moral obligation to act soon so that people may retire with dignity and the financial stability the plan was supposed to provide.
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