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Government
Pensions need attention, Hopkins' president tells CongressPublished 10/30/09
WASHINGTON - Unless Congress reforms pension funding rules, Johns Hopkins Health System will have to divert resources from patient care and lay off personnel to meet its pension obligations, system President Ronald Peterson told Congress Thursday.
Peterson testified at a Senate Health, Education, Labor and Pensions Committee hearing on how the recession has impacted retirement security. Peterson was introduced by Sen. Barbara Mikulski, D-Md., who is a senior committee member and chairwoman of the Subcommittee on Retirement and Aging.
In his testimony, Peterson referred to higher funding requirements for pension plans adopted in the...
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