In response to the Nov. 18 Star Tribune article about the situation with the Christian Brothers Services pension plan, be assured that this has absolutely nothing to do with the pension plan for lay employees and the pension plan for priests of the Archdiocese of Saint Paul and Minneapolis. The Archdiocese is not and has not been a part of the Christian Brothers pension plan, which the article is referencing. Only the handful of institutions mentioned in the article are covered by the Christian Brothers Pension Plan within the Archdiocese of Saint Paul and Minneapolis.
Our pension plans are run entirely independently of the Christian Brothers program and thus are unaffected by anything mentioned in the article. The funding levels of the lay pension plan and the priest pension plan as of the last actuarial report in January 2025, reflects funding percentages of 85% and 120%, respectively. These plans cover parish and parochial school employees, additional other Catholic entities, and priests serving within the Archdiocese of Saint Paul and Minneapolis. The lay pension plan was frozen to new employees in January of 2011. The Board of Trustees of these two plans hired MarshMcLennan Agency in 2014 as the plan consultant and Transamerica in 2014 as the recordkeeper and administrator.
