title: Pensions cut deep. After years of reduced or eliminated pension fund contributions, hospitals are being forced to pay up.
abstract: When 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.
authors.forename: Mary Chris
authors.initials: MC
authors.lastname: Jaklevic
mesh_terms: D005377:Financial Management, Hospital / Q000639:trends*; D007449:Investments / Q000191:economics / Q000639:trends; D010415:Pensions / Q000706:statistics & numerical data*; D010557:Personnel Administration, Hospital / Q000191:economics*; D014481:United States