Pope Francis Highlights ‘Serious Imbalance’ in Vatican Pension Fund

Vatican City – Pope Francis announced on Thursday that the Vatican’s pension fund is facing a “serious imbalance,” prompting a review of its structure. In an uncommon letter sent to cardinals and Vatican leaders, the Pope addressed the financial difficulties but did not provide specific details on the extent of the problem.

To address the issue, the Pope has appointed a senior cardinal to oversee the fund’s management and implement necessary changes. He emphasized that these changes may involve “difficult decisions” requiring sensitivity, generosity, and sacrifice from all involved.

This announcement comes as the Vatican works to address various financial challenges and ensure the stability of its pension system for employees and retirees.

The Pope’s letter underlines the seriousness of the situation while calling for collective effort in finding solutions.