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Inter-Lakes suspends retirement contributions

Chief financial officer resigns amid cuts

Inter-Lakes Health officials claim the Ticonderoga health care facility has a viable future, despite continued retrenchment.

Inter-Lakes Health officials claim the Ticonderoga health care facility has a viable future, despite continued retrenchment. Photo by Nancy Frasier.

— Inter-Lakes Health officials claim the Ticonderoga health care facility has a viable future, despite continued retrenchment.

Inter-Lakes announced March 17 it is temporarily suspending company contributions to the retirement plans of some employees and the facility’s top financial officer is leaving.

Those announcements follow the elimination of 33 jobs in February and the resignation of the chief executive officer earlier this month.

“Today’s announcements are difficult ones to make,” Charlie Miceli, Inter-Lakes interim chief executive officer, said.

Miceli said Inter-Lakes has signed a memorandum of understanding with Plattsburgh-based Community Providers Inc. to explore affiliation with that organization. CPI is the parent company of CVPH Medical Center and Elizabethtown Community Hospital. CPI is a member of Fletcher Allen Partners, based in Burlington, Vt.

“Through the agreement, leaders from FAP, CPI and ILH are working together with Hudson Headwaters Health Network physicians to identify a sustainable model of care for the greater Ticonderoga community,” he said.

“I want to assure the ILH family and our community that the leadership of ILH, CPI (Community Providers Inc.), FAP (Fletcher Allen Partners) and HHHN (Hudson Headwaters Health Network) are committed to ensuring this organization continues to provide essential health services to this community,” Miceli said. “Key leaders within CPI, FAP and ILH have formed a task force to bring a wide range of expertise and resources to bear on the problems we face and are working toward solutions that will assure a more focused, stable future for this organization.”

The health care facility March 17 announced a temporary suspension of its matching contribution to the 401k retirement plans of 80 non-unionized staff members, effective April 13. Staff will still be able to contribute to their plans.

“I want to emphasize that this a temporary measure that we must put in place until the organization is in a more favorable financial position and can afford to resume those contributions.” Miceli said.

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