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

“This was a shock to us.”

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 Christ…