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Detroit Medical Center Consolidated Pension Plan
The Detroit Medical Center Consolidated Pension Plan was established to provide retirement, death, and disability benefits to employees of the Detroit...
Overview
The Detroit Medical Center Consolidated Pension Plan was established to provide retirement, death, and disability benefits to employees of the Detroit Medical Center. It operates as a frozen defined benefit plan, ending new benefit accruals tied to service or pay. The plan's wealth origin traces to the healthcare sector through its hospital-system sponsor. VHS of Michigan, Inc. acts as the direct plan sponsor and employer. Tenet Healthcare functions as the ultimate parent company. Vanguard Health Systems previously owned the Detroit Medical Center and served as an earlier plan sponsor. The Detroit Police Annuity Loan program operates alongside the plan for certain participants. No public data disclose assets under management, investment professionals, additional offices, or recent activity within the last 24 months.
General information
Firm type
Pension Fund
Year founded
1987
Location
Region
North America
Country
United States
City
Detroit
Corporate office
Detroit, MI, United States
Sector focus
Frequently asked questions
Is the Detroit Medical Center Consolidated Pension Plan still open to new benefit accruals?
No. The plan is frozen, so participants no longer accrue new benefits based on service or compensation.
What benefits does the Detroit Medical Center Consolidated Pension Plan provide?
The plan provides retirement, death, and disability benefits to covered employees of the Detroit Medical Center.
What prior ownership history affects the Detroit Medical Center Consolidated Pension Plan?
Vanguard Health Systems previously owned the Detroit Medical Center and served as an earlier plan sponsor.
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