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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.

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  • Posted by: hartwood01 - Jun. 18, 2013 6:16 PM ET USA

    Oh boy,in light of the recent trial and conviction of a priest,I wonder how many parishioners will stand for making up that shortfall. I know they have no choice,the money is taken from their parishes without their consent.

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