FRESNO, Calif. – After working as a teacher for 17 years at St. Helen’s Catholic School in southeast Fresno, Kathy Carbaugh thought she had settled into a stable retirement in Coos Bay, Ore.
That changed in August when Carbaugh received a letter from Bishop Joseph Brennan informing her the retirement plan she paid into while as a Diocese of Fresno employee was “significantly underfunded” and that her benefits “will be reduced.”
Carbaugh subsequently learned that her monthly $789 pension would expire after December. To help make ends meet, the 72-year-old has since returned to work…