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Pension Plans Spell Trouble for Nonprofit Hospitals

Nonprofit hospitals are poised to take "an enormous hit" because low discount rates are making it difficult to fund defined benefit pension plans. The solution lies in shifting risk onto employees by swapping 401(k) plans for pension plans.

1 comments on "Pension Plans Spell Trouble for Nonprofit Hospitals"
Carl Bergman (4/29/2013 at 1:48 PM)

And what say are employees to have in this? This article fails to take into account the impact on employees, and omits any mention of those vested in plans, etc. Moreover, would executive's compensation also be subject to similar reductions? There are many questions that should be addressed, but were not.