News Headlines Article

Not-for-profit healthcare providers move to ease pension burdens
Modern Healthcare

Not-for-profit healthcare providers are making a number of changes to decrease the burden of underfunded pension obligations, including making sweeping changes to their retirement plans and investment strategies.

A report from Moody’s Investors Service noted that underfunded pension liabilities are continuing to put pressure on hospital balance sheets, as providers find themselves weighing numerous competing capital requirements. About 72% of the 460 hospitals that Moody’s rates currently offer pension plans.