• Modern healthcare · Dec 2003

    Pensions cut deep. After years of reduced or eliminated pension fund contributions, hospitals are being forced to pay up.

    • Mary Chris Jaklevic.
    • Mod Healthc. 2003 Dec 8;33(49):6-7, 13, 1.

    AbstractWhen the economy was booming and investment returns were strong, many hospitals benefited from "funding holidays" that let them reduce or eliminate annual pension fund payments. But not-for-profit hospitals' pension funds lost more than 6% last year, and a discount-rate drop boosted funding requirements. It's a "double whammy," according to Kim McCarthy, left, of Trinity Health.

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