Catholic World News

Italy's clerical pension fund running chronic deficit

July 20, 2015

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The state-run pension fund for Italian clerics is underfunded, the Italian government has revealed.

A government report said that the fund is “constantly in deficit,” with an aggregate deficit of over €2.2 billion ($2.4 billion).

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Further information:

State pension fund for clergy in the red (ANSA)

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Posted by: feedback - Jul. 20, 2015 2:58 PM ET USA
This kind of deficit signifies extremely poor management of funds, or complete disregard for the welfare of elderly clergy, or the combination of both.