MILWAUKEE -- All employee benefits have been paid on a timely basis and pension plans will continue to pay all benefits in the immediate future, the Archdiocese of Milwaukee assured pension recipients and contributors in a "media clarification" issued Oct. 26.
The archdiocese issued the clarification in response to an Oct. 25 story in the Milwaukee Journal Sentinel stating that pension funds operated by the Archdiocese of Milwaukee "have unfunded liabilities totaling $41.8 million, according to documents filed as part of the archdiocese's bankruptcy proceedings."
"As has been historically the case, all employee benefits have been paid on a timely basis and it is clear that the plans will continue to pay all benefits payable in the immediate future," said Jerry Topczewski, chief of staff for Milwaukee Archbishop Jerome E. Listecki, in an email to pension investors, which also was posted on the archdiocesan website, www.archmil.org.
"The archdiocese intends to continue the retirement plans and continue making payments in the years to come," it said. "Thus, we believe that there is no current cause for concern for employees."
