| Employees
of all ages are starting to take steps needed to provide
for a secure retirement. As Catholic Church employers,
we have a moral and social justice obligation to assist
our employees in making this process a success.
Today, we are assisting more than 800 Catholic Church
institutions with over 22,000 participants throughout
the United States with a defined benefit pension
plan. The plan provides a guaranteed retirement
income to
employees for life. Generally, defined benefit plans
provide a greater retirement income for retirees
than
other types of plans because benefits are based on
age and service in addition to salary.
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