More than $US90 million missing from AME pension funds, claim class-action lawsuits
RNS Retired African Methodist Episcopal Church pastors have filed at least three federal class-action lawsuits alleging the church mishandled tens of millions of dollars in pension funds. Last month, AME leaders stopped making payments to retirees after discovering alleged financial irregularities in the church’s pension fund. The African Methodist Episcopal Church’s annuity investment department location […]
In the US, report says AME Church suspends payments to retirees, investigates missing pension funds
RNS One of the nation’s largest Black Protestant denominations has stopped making payments to retired ministers on its pension plan, according to a report from The Wall Street Journal. The paper reported on Thursday that the African Methodist Episcopal Church, which has reported as many as 2.5 million members in the past, suspended payments to […]