Fresno Diocese Retirees Lose Benefits

 
Retired Fresno Diocese employees will no longer receive retirement benefits starting next year.

Hundreds of former employees are now left scrambling over what to do with their financial future now up in the air.

In a letter to retirees last month, the diocese said the retirement plan was frozen at the end of June.

The church says they contributed the agreed-upon amount negotiated in employee contracts,

But the diocese says Christian Brothers Services, the company responsible for managing the money, is the reason there isn’t enough to continue payments.

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