Pension Plan of Children's Hospital Medical Center of Akron

The Pension Plan is a defined benefit plan sponsored by the Children's Hospital Medical Center of Akron, the pediatric hospital founded in 1890. The plan provides monthly retirement benefits to eligible participants, calculated based on their years of credited service and compensation at the hospital.

It operates as a defined benefit plan, a traditional pension structure where the employer (the hospital) promises a specified monthly benefit upon retirement. The plan's obligations are separate from the general assets of the hospital and are funded through a trust.

Investment information is not publicly disclosed in detail. Regulatory findings and historical patterns suggest the plan holds assets through commingled investment vehicles and trusts, including positions managed by JPMorgan Chase, Fisher Investments, and Brandywine Global Investment Management.

Limited public records indicate the plan has held interests in several Ohio-based real estate LLCs, including commercial properties in Cleveland and Columbus, and mixed-use and residential properties in other Ohio counties. The scale and current status of these holdings is not disclosed.

The hospital raises philanthropic capital through the Akron Children's Hospital Foundation. The foundation received a historic $50 million gift from philanthropist Tom Golisano, as reported by the hospital. The foundation's activities are separate from the pension plan's investment operations.