If the 300 employees take the retirement offer, it will cut the system’s workforce by 3 percent. Additionally, the system has announced it will freeze its employee pension plan at the end of this year and move its employees to a defined-contribution savings plan, according to the report.
The cost-saving changes come as NorthShore responds to the financial challenges presented by the Affordable Care Act, Crain’s Chicago Business reported.
More Articles on Hospital Employee Benefits:
HMA Cuts Back Employee Benefits
100 Great Places to Work in Healthcare
