‘A really grave injustice’ - Dioceses face ‘devastating’ Christian Brothers pension crisis

‘A really grave injustice’ - Dioceses face ‘devastating’ Christian Brothers pension crisis

One Catholic bishop said he is “devastated” by a pension crisis faced by potentially dozens of American dioceses, which could leave longtime lay Catholic employees facing serious financial hardship in their retirement.And bishops told The Pillar they are looking to find solutions — fast — after learning that diocesan pension plans administered by Christian Brothers Services are dramatically underfunded, and would take millions to get on track.Ca…