Search
-
July 17, 2018The RI Catholic Conference agrees that transparency and disclosure to pension plan participants about non-ERISA plans is a responsible practice. In fact, such has been the practice of the Diocese of Providence for many years.
The Diocese of Providence has demonstrated such transparency by annually providing each pension plan participant (known as the “Lay Employee Pension Plan”) a yearly estimate retirement benefit statement. This report is mailed to each active participant of the pension plan. Additionally, an annual independent audit of the Central Administration Funds and Diocesan Cemetery Operations discloses the plan’s health, which includes a detailed explanation of the plan’s overall status. This audit report is published in full on our diocesan website. Lastly, “Town Hall” style meetings with plan participants have been held around the state when significant changes have been proposed to the pension plan. In addition, diocesan fiscal and human resource personnel are available to consult with every plan participant by phone or in person each and every business day.
The RI Catholic Conference looks forward to reviewing the details of the legislation that Treasurer Magaziner has proposed for the 2019 General Assembly session.
Fr. Bernard A. Healey, Director
RI Catholic Conference
The Rhode Island Catholic Conference serves as the chief source of advocacy and education for the Church’s public policy positions before the Rhode Island General Assembly and other civic officials. It represents the Roman Catholic Diocese of Providence and the hundreds of thousands of Catholics who call Rhode Island home.
