A group of nuns in the U.S. are suing the Boston Archdiocese and their cardinal over $1.4 million of pension funds.
The Daughters of St. Paul filed a lawsuit at the Massachusetts Supreme Judicial Court demanding the right to withdraw the funds they invested in a church-run pension fund on behalf of their staff.
The Daughters have a Catholic publishing house that employs 100 lay staff and the nuns now want to withdraw the investment they made on behalf of these employees to create their own fund, something they’ve been trying to do since 2005.
The Daughters want the court to rule they were never legitimately part of the pension fund and have their contributions reimbursed or full accounting of their portion to be provided.
Representatives of the pension fund, which was originally set up to provide for priests, told Global Pensions they cannot supply accounts for the nuns’ investment.