DAILY WISCONSIN

Archdiocese of Milwaukee pension plans underfunded

“These employees are victims as well in all of this,” said Nancy Hwa of the nonprofit Pension Rights Center in Washington, D.C. “A lot of them worked for decades for the diocese because they believe in the work its doing. It just adds even more betrayal to it all.”

The Milwaukee Archdioceses plans are not covered by ERISA, the landmark 1974 Employee Retirement Income Security Act meant to protect workers pensions.

Via Archdiocese of Milwaukee pension plans underfunded – JSOnline.

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