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Pope Benedict's pension plan

How much will the first pope to retire from the job in nearly 600 years collect each month?

By MSN Money Partner Feb 20, 2013 3:23PM

This post comes from Matthew Heimer at partner site MarketWatch.

 

MarketWatch logoWhat kind of retirement package do you give to someone who's spent 60-plus years on the job, including almost eight as chief executive? If you're the Roman Catholic Church, and that someone is Pope Benedict XVI (the once and future Joseph Ratzinger), you give him a monthly pension worth 2,500 euros, or about $3,340.

 

Pope Benedict XVI on February 13, 2013 (© ZUMA/Rex Features)The Italian newspaper La Stampa broke the story this week, reporting that the 85-year-old Benedict -- the first pope in nearly 600 years to retire from office -- will receive the pension that the church typically offers to retired bishops. (Don't speak Italian? Neither do I: Britain's Independent has the story here.)

 

Coincidentally, the pope's pension is almost identical to the maximum Social Security benefit a U.S. retiree could earn if she retired this year -- $3,350 a month, according to the Social Security Administration's benefits calculator. To receive a check that size, that hypothetical retiree would need to retire at age 70 or later after having earned the taxable maximum salary throughout her career -- the equivalent of $113,700 this year.

 

Of course, most of Benedict's personal expenses, from food to gardening, will be covered by the Vatican for the rest of his life, so his pension is mostly play money. (Alas: no grandkids to visit.)

 

The pot could get sweeter, too, according to La Stampa: If Benedict's successor awards him the status of emeritus cardinal -- not out of the question, since Ratzinger held various cardinal titles before being elected pope -- his pension could double.

 

More on MarketWatch and MSN Money:

102Comments
Mar 1, 2013 4:34AM
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You are one dumb reporter or should I say trash pusher.  You get paid to write this stuff?  That is the real question.  All I can say is "And this makes news".
Feb 21, 2013 8:46PM
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what happened to poverty, chastity and obedience - vows that every priest and nun are required to commit to..... if his every need will be taken care of  what possible use would he have for $$$$....its no wonder people have been leaving the catholic church for years
Feb 21, 2013 8:37PM
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How many little boy dose he get a month?
Feb 21, 2013 7:59PM
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Boy, no body in the business today is influenced much by the examples set by Jesus as far as poverty is concerned.  What does a retired Pope really need?  A roof over his head, food to eat, and clothing on his back.  Remember, for the remainder of his life he will spend his time getting ready for heaven so he should not really need a lot of money.  If he actually believes in the teaching of Jesus he should give his money to the poor.

 

Feb 21, 2013 5:22PM
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Compare that to what our potus will get for the rest of his life!
Feb 21, 2013 4:50PM
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He should be a Pope Emeritus and give him more money!!!
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A cup half full or half empty still has the same amount.

 

 

Feb 21, 2013 4:06PM
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Nice that he knew when it was time to quit. And his pension is not outrageous.

Will he still be infallible? :)

Feb 21, 2013 3:36PM
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I seen Baptist church Pastors get more than that... 
Feb 21, 2013 2:50PM
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He could get a lot of hookers every month
Feb 21, 2013 2:46PM
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i thought catholic clergy took a vow of poverty?  of course i also fell for the vow of abstinence, (reference pedophile priests).  but, any religion that prays to saints, statues (idolatry), claims that mary is the mother of god and was without sin and ascended body and soul into heaven, prays the rosary, and has it's money supply controlled by the rothchilds is merely a false religion anyway.  a cult.
Feb 21, 2013 2:31PM
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Just think 1 NFL thug can earn 20 mil a yr...lol..whats wrong with that picture?
Feb 21, 2013 2:23PM
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Too bad the CATHOLIC CHURCH doesn't take care off all of there servants the same.

 

Nuns, Priest don't receive the same benefits as there leaders, just like the tax payers and POLITICIANS.

Feb 21, 2013 2:23PM
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This Pope is a Great guy. Great example to all of us. Long live to the Pope.
Feb 21, 2013 1:46PM
Feb 21, 2013 1:18PM
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Did you see on TV that fancy "digs" where he will live.... how many zillions to support that? Pretty sad that the church and their teachings to help others and help those less fortunate and my brother's keeper and all that rot didn't extend some of the fancy living quarters to the poor frail elderly church members who will freeze this winter when they can't pay for heat. So much for practice what you preach.....
Feb 21, 2013 12:57PM
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not very good pay for 60 yrs dedication.
Feb 21, 2013 12:28PM
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Allowing him to live in the Vatican where he is immune from prosecution and civil suit from breaking civil laws in protecting pedofiles and helping them escape prosecution is more than enough retirement benefit I think.   If he has food and lodging and can't leave the properties.... why does he need a pension?  
Feb 21, 2013 12:03PM
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bet he woulda been happy with 2 altar boys and a case of booze
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