Clergy had lost retirement funds through denomination’s allegedly mishandled plan.
The settlement agreement also calls for the closure of the AME Church’s Department of Retirement Services by July 31, 2028.
Plaintiffs said some $88.4 million was lost from retirement funds in fraud scheme
Final approval of partial settlements to be considered at June 26 hearing.
Clergy awarded $60M in preliminary settlement with AME Church Retirement Services.
Bigamist ‘pastor,’ Bethlehem Seminary, AME pension fund lawsuit, Kanakuk ‘self-dealing,’ and Central Seminary president resigns
Harris, an important figure of the AME Church, died suddenly
Bethlehem Seminary, AME pensions, Kanakuk Kamps, and Central Baptist Seminary