The Archdiocese of Chicago established a pension retirement plan for all full-time Lay employees effective January 1, 1967. The Pension Plan was frozen on June 30, 2007. Benefits accrued through the date of the freeze are payable to employees who have met the vesting requirements. Benefits are payable after retirement or other termination of employment, as early as age 55 on a reduced basis, with the full benefit payable at age 65.
The benefit accrual was based on calendar year earnings during benefit eligible employment. For all members, effective January 1, 2006, the annual cost-of-living adjustment was limited to 1.5% for all future years.
For Share Plan, pension questions and/or to start receiving pension benefits, please call 312-534-8276.