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Sutter Health contributes $400M to employee pension plan
San Francisco Business Times

Sutter Health, frequently a target of union ire, said Thursday it made a $400 million contribution to its pension plan late last month. The Sacramento-based system, which operates 24 hospitals and a network of affiliated medical foundations in Northern California, said its Sutter Health Retirement Plan is fully funded for its roughly 45,000 employees. To keep the plan fully funded, Sutter said, it injected $400 million in late December, on of top of investments of $120 million in 2010 and $500 million in 2008.