The top eight executives at Lewis County General Hospital in Lowville, N.Y., have offered to remove themselves from the state's retirement system, a move that could save the hospital roughly $100,000 per year, according to WWNY report.
In the plan, the eight executives would no longer be county employees at the hospital and would instead form their own private company, which would then contract with Lewis County General. The private company would then provide its own pension and retirement benefits separate from the hospital's and state's responsibility, according to the report.
"The pension has been an anvil here, and any relief we can provide, we certainly need to look at that," Lewis County General COO Eric Burch said in the report.
New York's Department of Health and comptroller's office will have to approve the plan.
In the plan, the eight executives would no longer be county employees at the hospital and would instead form their own private company, which would then contract with Lewis County General. The private company would then provide its own pension and retirement benefits separate from the hospital's and state's responsibility, according to the report.
"The pension has been an anvil here, and any relief we can provide, we certainly need to look at that," Lewis County General COO Eric Burch said in the report.
New York's Department of Health and comptroller's office will have to approve the plan.
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