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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.

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