Scott C. Taylor, trustee for Singing River Health System, has indicated that SRHS legal bills have reached nearly $500,000. That puts SRHS’ monthly spend in the neighborhood of $80,000 for defense. The money is being paid by Singing River’s insurance policy and not from SRHS’ own funds. The insurance policy covers up to $1 million in lawyer’s fees or liability. Taylor says he expects the limit to be reached around December or January.
We encourage you to visit Mr. Taylor’s blog and ask questions. He is making a genuine effort to answer all questions; it’s refreshing given the silence from so many others involved.
“How I Think the Pension Plan Became Underfunded” Scott C. Taylor, June 3, 2015