Christian Brothers Employee Retirement Plan Celebrates 50 Years
Romeoville, Ill., July 1, - Today, the Christian Brothers Employee Retirement Plan (CBERP or Plan) marks 50 years of providing a secure and stable pension plan for Catholic employees.
The CBERP, created by Brother Joel Damian, FSC, has grown substantially since 1964. The Plan began with 27 member organizations and has since grown to 737 member organizations. While some Catholic organizations have merged, consolidated or closed over the last 50 years, 18 original members remain in the Plan today.
The Plan, which provides a guaranteed retirement income to employees of Catholic organizations based on the lifetime earnings of the employees, currently has four centenarians in the Plan who continue to receive a pension check.
Congratulations, Christian Brothers Employee Retirement Plan on 50 years of service to Catholic organizations and employees!
About Christian Brothers Services (cbservices.org)
Founded in 1960 and headquartered in Romeoville, Illinois, Christian Brothers Services is a nonprofit, Catholic organization that administers cooperative programs in the areas of health/retirement, property/casualty and consulting/technology to church organizations.