TMC employees still waiting on answers

By: Daniel Gotera Email
By: Daniel Gotera Email

DENISON, Tex. -- Employees at Texoma Medical Center are still wondering where money is from their old pension plans and when they are expected to receive it. Now, TMC officials say they want to make sure everyone knows they are working to get them the money they are looking for.

KXII-TV has received a number of e-mails the past several days from employees at Texoma Medical Center wondering when or if they will ever see money they say was promised to them last year. On Thursday, officials at the hospital say they are just as confused as everyone else and are looking for answers as well.

It has been an interesting 18 months for anyone involved with Texoma Medical Center, beginning with the sale of the hospital to Universal Health Services. Now, employees are wondering where their benefits have gone.

"We've been in a holding pattern ever since last April, since we wanted the plan reviewed," says TMC human resources director Bill Heinzmann.

Texoma Medical Center human resources director Bill Heinzmann says the problem lies not with the hospital but with the Internal Revenue Service, who determines where non-taxable money should go.

"We’ve applied for the letter of determination and we're waiting for the IRS to give us the go ahead."

In 2004, TMC froze their formula driven pension plans and created a defined contribution one. But after the sale to UHS a year-and-a-half ago, officials say the pension plan was done away with, leaving employees with the choice of either roll over the money accumulated in the plan to another account or cash it out.

That decision was to be made by April of 2007. That was when Heizmann says the hospital applied for a letter of determination from the IRS, a process which usually takes two five months.

The only problem is they are still waiting to hear back.

"We had contact in December and they said they would put a tracer on it, call us back in 30 days to give us an update. Well we call back in 30 days, and they had no record of it, so they started going at it at that point in time."

From the end of November, the hospital has been inundated with calls from employees wondering where the money has gone. The hospital's CEO, Mackey Watkins, has written letters to state senators and Congressman Ralph Hall asking for their help in getting the IRS to allow the hospital to divide the money, something officials say they had hoped to have done by the end of last year.

"In retrospect maybe what we should have done is waited until we got the letter of determination and not get so many people's expectations up, because a lot of folks even though it was an estimate have committed themselves to spending these funds before they received them."

Officials say they did hear back from the IRS last month and were told they were under a secondary evaluation. No word yet on when though that evaluation will be complete.


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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by ANOYMOUS Location: DENISON on May 6, 2008 at 08:34 AM
    WELL ANOTHER WEEK GOES BY AND STILL NO ANSWERS WE WANTS SOME ANSWERS IT IS PRETTY BAD WHEN YOUR INVESTER HAS TO CALL AND YOU HAVE TO SAY STILL DO NOT KNOW ANYTHING EVERYONE THAT IS INVOLVED IS SO FRUSTRATED WE JUST WANT SOME ANSWERS AND I DO NOT THINK THAT IS TO MUCH TO ASK SINCE IT HAS BEEN A YEAR I THINK WE HAVE BEEN VERY PATIENT!!!!!!!!!!!!!PLEASE KXII HELP RUN ANOTHER STORY TO GET SOMEONE ATTENTION
  • by concerned employee Location: denison area on May 1, 2008 at 09:07 AM
    what will it take for some body to get the ball rolling or give us some answers it is going on a year SOME OF US WANT OUR MONEY we work hard try to do what they want and still no answers DO WE HAVE to call the irs or thr govenor it is getting to the point it makes a lot of people upset just wondering if they are saying we do not know just so WE WILL not brought up again i love tmc but someone needs to get some pressure with some one we get all our papers in in time and still can not get any answers we have worked for this please keep this on the front burners
  • by concerned employee on Apr 30, 2008 at 06:01 AM
    well it is going on a year and still no answers please keep up with this story we deserve this money , all they keep saying is when it gets here it gets here that is so wrong please keep up with this story please
  • by JUST WONDERING Location: DENISON on Apr 29, 2008 at 11:08 PM
    STILL WAITING TO HEAR ABOUT RETIREMENT FUNDS FROM TMC!!!!
  • by ANONYMOUS Location: DENISON on Apr 24, 2008 at 09:07 AM
    I HOPE THAT THE STATION KEEPS IN TOUCH WITH TMC IT HAS BEEN A YEAR AND WE WOULD LIKE TO PUT OUR MONEY WHERE WE WOULD LIKE IT TO GO. IT IS VERY FRUSTRATING
  • by jonboy on Apr 4, 2008 at 03:57 PM
    So we get to refill out the same paperwork and start this all over again. PATHETIC!!! But yet TMC sends bills instantly to a collection agency, without the patient ever getting a bill.
  • by Anonymous Location: Anonymous on Mar 29, 2008 at 04:28 PM
    There were some positions cut (during the reorganization phase) that overlapped with corporate positions. Let's not assume that employees whose positions were cut were poor performers. "Hate mongers" is a strong term to apply to those who are just expressing their concerns.
  • by Been There Location: But Gone on Mar 28, 2008 at 09:05 AM
    As someone that has worked for a facility that has been "partnered/bought out" you loyal TMCers have no clue what you are in for. But you will find out soon and I will bet there will by even more former employees by the time the dust settles. Your pension plan is not what or where you think it is. Mine was supposed to be secure when I worked there many years ago and after the former CEO left,gee,there was about 1/4 the money there should have been.
  • by 20 year employee Location: Denison on Mar 26, 2008 at 03:16 PM
    After 20 yrs of service at TMC, I still think we work with a great group people and I for one believe Dr. Mackey Watkins. He said the money was there and I am quite sure when the IRS is ready they will "allow" us to receive "our" money. So be patient and have faith in our Administration. I am looking forward to receiving the money as well as everyone, but I will invest my money to take care of me when I get OLD. I don't believe we can count on Social Security to to the job.
  • by Anonymous Location: Denison on Mar 26, 2008 at 09:50 AM
    The title of this article is "TMC employees still waiting on answers". Addressing this issue in a town hall meeting is not effective means of communication. Not all employees are able to attend therefore you leave yourself open to second hand information to flow down the rumor mill. I agree with a previous post that letters should have gone out explaining the delay after the first expected time frame was missed. As an employee those who qualify are due the money and it's the employers responsibility to see that it happens. Business is business this has nothing to do with rather you are a happy and loyal employee or the level of care you receive. I'm sure if I owed TMC money it would be expected regardless how tied my hands were.
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