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AARP Lawyers Join Suit Against African Methodist Episcopal Church Over Retirement Funds
Religion Unplugged
Apr. 11, 2022 "AARP Foundation attorneys will act as co-counsel in a class-action lawsuit alleging the African Methodist Episcopal Church mishandled nearly $90 million in retirement funds ... The AME stopped making payments to retired ministers covered by its pension plan earlier this year after a 2021 audit found that two-thirds of the denomination's retirement funds had been lost in risky investments in a venture capital company and a real estate deal." [Alexander v. Harris, No. 22-00707 (D. Md. complaint filed Mar. 22, 2022)] |
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