Lay employee pension accord clears way for bankruptcy case

Lay employee pension accord clears way for bankruptcy case

06/23/11

When the lawyers reached an impasse, four Catholic women booked a series of meetings with Bishop W. Francis Malooly and negotiated an agreement that appears to clear away the last significant obstacle in the Catholic Diocese of Wilmington’s bankruptcy case, pumping millions into the pension plan of about 2,000 lay employees.

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