Philadelphia archdiocese troubled by shortfall in clergy pension fund
Catholic World News - June 18, 2013
The Philadelphia archdiocese faces a serious shortfall in funding for its clergy pension fund.
In meetings with priests, Archbishop Charles Chaput has spoken frankly about the shortfall, according to priests who attended the sessions. The fund reportedly stands at $4.5 million, while $90 million is needed to meet predicted expenses.
The archdiocese plans to increase assessments on parishes and heavier contributions from retired priests living in archdiocesan housing in order to address the shortage.
An appeal from our founder, Dr. Jeffrey Mirus:
Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!
Progress toward our September expenses ($13,263 to go):
All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!