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Federal Judge Approves Partial Settlement for Lost AME Church Retirement Funds

Summary by ChurchLeaders
African African Methodist Episcopal (AME) Church retirement plan participants could recoup more lost funds in further legal proceedings.

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Federal Judge Approves Partial Settlement for Lost AME Church Retirement Funds

African African Methodist Episcopal (AME) Church retirement plan participants could recoup more lost funds in further legal proceedings.

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Religion News ServiceReligion News Service
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Federal judge approves partial settlement for lost AME Church retirement funds

(RNS) — Retirement plan participants could recoup more of the lost funds in further legal proceedings.

·United States
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The Roys ReportThe Roys Report

Judge Approves Partial Settlement for Lost AME Church Retirement Funds

A district court judge granted final approval Monday to a partial settlement for clergy and staffers of the African Methodist Episcopal Church after a substantial percentage of funds from their retirement plan were discovered to be missing. The historically Black denomination has been accused of mishandling the retirement funds, leaving many plan participants with about 30% of what they had hoped to use for retirement. The denomination accused i…

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Religion News Service broke the news in United States on Tuesday, August 19, 2025.
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