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Wednesday, March 20, 2013

Memorial pension recipients revealed

Posted By on Wed, Mar 20, 2013 at 12:10 PM


An additional pension program for some Memorial Health System employees recently came to light, so we asked the city to produce a list of who got them and how much.

We wrote about this in today's edition, but the Gazette broke the story on Monday.

Here's the list of employees and how much they were receiving monthly — at least until those payments were halted last fall, when the University of Colorado Health took over a 40-year lease of Memorial. Receiving the most was former CEO Dick Eitel, at more than $20,000 a month.


These payments were above what the Public Employees Retirement Association paid in regular retirement benefits.

In addition, City Attorney Chris Melcher says this via e-mail:

The claims brought by the retired MHS employees who believe they are owed excess PERA retirement benefits were specifically listed in the Schedules and the Disclosures attached to the Operating Lease Agreement signed by Memorial and UCH. The Office of the City Attorney has briefed City Council and provided legal advice on these alleged claims by the MHS retirees on multiple occasions, beginning in Fall 2012. Because this matter involves a potentially adverse proceeding against MHS, the legal advice provided to Council is privileged and confidential. MHS is governed by City Council, and any final decision by Council on this matter will be discussed and made in an open meeting at a Formal Council Session as required by the Colorado Open Meetings Law.

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