Evanston-based NorthShore University HealthSystem is making voluntary retirement offers to about 3 percent of its 10,000-person workforce.
The move, announced Thursday in a letter to employees, and first reported by Chicago Health Care Daily, follows an announcement earlier this week that NorthShore plans to freeze its employee pension plan at the end of the year and shift all workers to a defined-contribution savings plan.
Both are seen as cost-cutting moves ahead of the implementation of key parts of the federal health care reform law.
“NorthShore must adapt and change to meet these fiscal challenges,” NorthShore’s chief human resources officer, William Luehrs, wrote in the letter announcing the retirement program.
NorthShore’s pension program was 75 percent funded as of Sept. 30.