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Over 1,400 St. Cloud diocese employees and retirees demand action after learning their pension is 42% underfunded, with an $80 million shortfall projected over 25 years.
Over 1,400 current and former employees of the Diocese of St.
Cloud are demanding action after learning their pension plan is 42% underfunded, with a projected $80 million shortfall over 25 years.
The crisis, revealed in October 2025, stems from the diocese’s long-standing participation in the Christian Brothers Services retirement plan, which is now frozen and undergoing a transition to a new U.S. Bank account.
Retirees, many of whom feel misled and financially vulnerable, are calling for transparency, representation on the pension committee, and a capital campaign to restore funds.
Church pensions are not federally regulated, limiting legal recourse.
Diocesan officials say they relied on Christian Brothers for updates and are now working with consultants and legal advisors to address the situation.
Más de 1.400 St . Los empleados de la diócesis de Cloud y los jubilados exigen acción después de enterarse de que su pensión tiene un 42% de fondos insuficientes, con un déficit de $ 80 millones proyectado en 25 años.