Francis names Cardinal Farrell as Vatican ‘pension czar’

The pope said the Holy See pension fund faces 'difficult decisions' and will be unable meet its obligations 'in the medium term'.

Pope Francis announced Thursday that he has appointed Cardinal Kevin Farrell as the sole director of the pension fund for the Holy See, covering former employees of both the Roman curia and the Vatican city state.

Cardinal Kevin Farrell. Image via Vatican media.

Francis took the decision, he said in a letter to the College of Cardinals and officials of cu…