Pope Francis has issued new statutes for the Vatican's pension fund, providing for a new president of the fund, chosen by the Pontiff and supervised by a board that will include lay experts.
In a motu proprio released on May 29, the Pope rules that the president of the pension fund will be chosen by the Pontiff for a 5-year term, which can be renewed once. The appointment of a president solely responsible for the pension fund is a change in Vatican policy; to date, the fund has been just one of the responsibilities of the president of the Administration...
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