AME Church suspends pension payments after finding irregularities
One of the nation’s largest Black Protestant denominations has stopped making payments to retired ministers on its pension plan, according to a report from the Wall Street Journal.
The paper reported on March 10 that the African Methodist Episcopal Church, which has reported as many as 2.5 million members in the past, suspended payments to retirees after discovering possible financial irregularities involving the denomination’s pension fund. In a statement, the church told the Journal that it was working with law enforcement to investigate a possible crime.