Click here to advertise on CatholicCulture.org

Vatican employees reassured: pensions are secure

Catholic World News - July 11, 2014

The Council for the Economy has moved quickly to ease fears among Vatican employees about the security of their pensions.

After Cardinal George Pell, the prefect of the Secretariat for the Economy, announced plans to provide for a stable pension fund, the Vatican assured current employees that their pensions are assured. Joseph Zahra, vice-coordinator of the Council for the Economy, told reporters that pensions currently being paid to retirees, and those of current Vatican workers, are safe.

Cardinal Pell had said that an infusion of cash would probably be required to put the pension funds on a stable long-term basis.

Additional sources for this story
Some links will take you to other sites, in a new window.

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 ($33,004 to go):
$35,000.00 $1,996.25
94% 6%
Sound Off! CatholicCulture.org supporters weigh in.

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!

There are no comments yet for this item.

Subscribe for free
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

Liberal visions of Catholicism: Kickstarter and the world's largest NGO September 1
The Blessed Book of Beasts August 30
Weekend reading August 29
Frustrating the Moral Law August 29
Weep for slaughtered Christians, not for dialogue with Islam August 29

Top Catholic News

Most Important Stories of the Last 30 Days
‘A real via crucis’: Pope Francis, patriarch plead on behalf of Iraq’s Christians CWN - August 8
Hundreds of thousands of Iraqi Christians in flight as Islamic State advances CWN - August 8