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Even the Catholic Church is dumping pension obligations...
05-12-2005, 08:30 AM
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#1
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Recycles dryer sheets
Join Date: Oct 2004
Posts: 178
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Even the Catholic Church is dumping pension obligations...
http://www.boston.com/news/local/mas...d_for_priests/
Wow. It will not stop. Corporate execs are one thing, but the Pope?
Ed
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Re: Even the Catholic Church is dumping pension obligations...
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05-12-2005, 04:10 PM
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#2
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Full time employment: Posting here.
Join Date: Nov 2002
Posts: 768
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Re: Even the Catholic Church is dumping pension obligations...
Didn't put anything in the pension plan from 1986 to 2002. Wow.
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Re: Even the Catholic Church is dumping pension obligations...
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05-12-2005, 04:49 PM
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#3
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,774
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Re: Even the Catholic Church is dumping pension obligations...
 Quote:
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Originally Posted by Michael
Didn't put anything in the pension plan from 1986 to 2002.* Wow.
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Now that's faith!
__________________
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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Re: Even the Catholic Church is dumping pension obligations...
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05-12-2005, 06:10 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
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Re: Even the Catholic Church is dumping pension obligations...
Cost too much to re-locate all the pedophile priests, perhaps? (ducking)
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: Even the Catholic Church is dumping pension obligations...
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05-12-2005, 07:45 PM
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#5
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Recycles dryer sheets
Join Date: Feb 2005
Posts: 445
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Re: Even the Catholic Church is dumping pension obligations...
* TH, you aren't far off .... the archdioscese reached a settlement of something like $85 million in the sex-abuse cases.* It's been closing churches and talking about selling various property. So I can't say I'm surprised that there's a "shortfall" in the pension fund.
* *BTW, Ed, the Vatican isn't known for bailing out dioceses. ....* especially those pesky U.S. ones ....
__________________
"Coffee: the finest organic suspension ever devised." -- Kathryn Janeway
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Re: Even the Catholic Church is dumping pension obligations...
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05-13-2005, 04:19 AM
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#6
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Full time employment: Posting here.
Join Date: Apr 2005
Posts: 577
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Re: Even the Catholic Church is dumping pension obligations...
VoyT, the Archdiocese paid for the settlements by selling valuable real estate to Boston College, and reached an agreeement to sell more real estate to BC in the future. The real estate is/was part of the seminary grounds and the bishop's mansion, and it's right across from the BC campus. Hardly anyone goes to the seminary anymore, and Archbishop O'Malley didn't want to live in the bishop's mansion, and BC has wanted the property for a long time. The Archdiocese also reached settlements with its insurers later.
The major ongoing problem is nobody wants to give to the Archdiocese's annual appeal anymore, because of how the Archdiocese messed up.
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Re: Even the Catholic Church is dumping pension obligations...
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05-13-2005, 07:33 AM
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#7
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Full time employment: Posting here.
Join Date: Apr 2004
Posts: 802
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Re: Even the Catholic Church is dumping pension obligations...
Leno said the Archdiocese has bought the Neverland Ranch. 
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Re: Even the Catholic Church is dumping pension obligations...
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05-13-2005, 07:09 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,781
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Re: Even the Catholic Church is dumping pension obligations...
Dominus vobiscum
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In a panamax down by the river.
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Re: Even the Catholic Church is dumping pension obligations...
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05-14-2005, 04:16 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Dec 2002
Posts: 3,875
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Re: Even the Catholic Church is dumping pension obligations...
Quote:
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Originally Posted by BUM
Dominus vobiscum
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That's good! I prefer "de laudace, encore de laudace, et toujours
de laudace."
A better motto for ER folk. Patton used to quote it.
JG
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Re: Even the Catholic Church is dumping pension obligations...
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05-14-2005, 12:24 PM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
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Re: Even the Catholic Church is dumping pension obligations...
He also used to say #$^%#, (%&&#, Q%$@#ing #@^$%#$&^ers and @#%$@ YOU!
Patton is my hero. I read something somewhere by some shrink that said people that claim to like Patton usually have something wrong with them. Well, theres something else thats now proven. :P
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: Even the Catholic Church is dumping pension obligations...
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05-14-2005, 01:00 PM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,822
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Re: Even the Catholic Church is dumping pension obligations...
Admiral Ray Spruance - no quotes, Glen Ford did ok in the early Midway movie. No Bull(Halsey - heh,heh) just competent. Apparently neither history nor the media likes hero's who aren't totally full of it.
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