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S&P sees pension funding burden on U.S. nonprofit healthcare

Reuters, April 23, 2013
(Reuters) - Pension liabilities, expenses and contributions remain a burden on U.S. not-for-profit hospitals despite improvements in the investments used to fund the retirement systems, Standard & Poor's Ratings Services said on Monday. Large pension funding demands will likely "be a drag on the sector for several years," it added. "Low discount rates have hampered the improvement in funding levels despite a rebound in asset values during the past two years," said S&P credit analyst Liz Sweeney said in a statement.