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Charity Health System Outsources Pension To NY Life

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NYLIM Retirement Plan Services says the Daughters of Charity Health System of California has chosen it to administer the charity’s pension plan.[@@]

NYLIM, a division of New York Life Investment Management LLC, Westwood, Mass., says DCHS, in Los Altos Hills, Calif., has 3,100 participants in its $160 million pension plan.

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Ropes & Gray LLP served as consultant to DHCS in choosing NYLIC.