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Pension Review Board presses Nacogdoches hospital district for more data as plan faces possible termination
Summary
PRB members and public commenters pressed Nacogdoches County Hospital District officials for clearer actuarial data, legal opinions and communication plans as the district’s frozen retirement plan shows roughly $32 million in assets and an estimated 70–71% funded ratio.
The Pension Review Board heard a detailed update on the Nacogdoches County Hospital District Retirement Plan and repeatedly urged hospital officials to obtain clear actuarial valuations and legal guidance before taking any final steps on a possible plan termination.
Board members and members of the public told hospital officials they were concerned that decisions were being discussed without up‑to‑date actuarial reports, independent legal opinions and clear written communication to plan participants. Sheila Beckett, who said she was speaking on behalf of a retiree in the plan, told the board she worried that members lacked adequate information and urged the PRB to continue its review. "I would encourage you to help them look into other options that might be available to them besides liquidation," Beckett said.
The hospital's CEO, Rhonda McCabe, and Chief Financial Officer Lynn Lindsey described a sequence of board meetings since September 2024 in which trustees repeatedly deferred a vote on possible termination. Lindsey said the plan’s third‑party administrators and auditors have…
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