Ex-Archdiocese Pension Manager Criticizes Retirement Plan03:08

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The cost of retiree benefits is burdening the state. It's burdening cities, towns, even universities. But while its mainly retiree health care costs weighing down those budgets, it's pension payments that are causing problems for the Boston Archdiocese.

The archdiocese has said it has to change the way it pays for pension plans. Specifically, pension payments for the Archdiocese's 10,000 lay workers, including teachers, administrators and custodians. The Archdiocese wants to move to a more market-based approach.

But David Smith has come forward to criticize the plan. And Smith has a pretty good knowledge of the Archdiocese's pension system — he used to run it.


This segment aired on March 28, 2011.