Fresno Diocese Pension Crisis Deepens | Bakersfield News
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Fresno Diocese Pension Crisis Deepens | Bakersfield News
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The Fresno Diocese is cutting pensions for church workers as its retirement plan faces a $90 million shortfall — a crisis affecting tens of thousands nationwide. Bishop Brennan warns retirees could see drastically reduced payouts unless the diocese steps in, despite claims the shortfall stems from actuarial calculations, not poor funding. With accounts barely covering obligations, the diocese is now scrambling to adjust the plan to protect future benefits — adding another layer of financial stress after years of abuse-related turmoil.
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This is an automated, high-level news summary based on public reporting.
Sources:
https://www.bakersfield.com/news/fresno-diocese-warns-pensioners-their-benefits-will-be-cut/article_1caad354-a92f-4ddf-9c5b-4c1d74b65d95.html
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