Tuesday, May 26, 2009

Diocese tightens pensions for clergy

Finances force cuts in stipends, benefits .
By Michael Paulson
Globe Staff / May 26, 2009

The Archdiocese of Boston, facing a clergy pension system that will run out of money in 2011 without a financial rescue, is now taking its first concrete steps to limit benefits and raise revenue to shore up the fund.

Cardinal Sean P. O'Malley has mailed to all priests a legalistic 17-page "decree of promulgation" that is raising concerns among some sick priests because it says that they will receive only 60 percent of their stipend, in addition to their healthcare coverage, if they are on health leave. Also in some cases it will require them to submit medical and tax documents to the archdiocese in order to "demonstrate need."

The policy also requires priests on health leave for more than six months to seek state and federal government assistance, such as Social Security Disability Insurance, which is a break from past practice. the rest

0 Comments:

Post a Comment

<< Home