Archdiocese to freeze 10,000 employees’ pensions

December 17, 2010

Following the example of other large dioceses, including New York and Detroit, the Archdiocese of Boston has announced that it will freeze the pension benefits of 10,000 non-retired lay employees. The archdiocese, whose pension fund has been affected by the financial crisis, is offering the employees an alternative retirement plan similar to a 401(k).

 

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Further information:

• Boston archdiocese to freeze lay workers' pensions (Boston Globe)