New Hampshire SB664 limits executive compensation at hospitals in distressed areas following workforce reductions.
New Hampshire SB664 establishes an 18-month freeze on C-suite executive compensation at hospitals located in distressed place-based economies following workforce reductions affecting more than 10 employees in a single department within any 6-month period. The freeze applies to all forms of compensation, including salary, bonuses, and incentive payments. Hospitals must file a detailed report with the charitable trust unit within 10 days of initiating a workforce reduction.
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