News Headlines Article

Low interest rates hitting healthcare systems’ pension plans: S&P
Modern Healthcare

Not-for-profit healthcare systems continued to struggle with underfunded pension liabilities last year, and the situation has become even more challenging since 2011. A report from Standard & Poor’s found that the median funded status of hospital pension plans dropped to just 69.4% in fiscal 2012, compared with 72.6% the previous fiscal year. The Government Accountability Office and others typically define a “healthy” pension plan as one that is at least 80% funded.