Catholic Benefits Association: A representative for the Catholic Benefits Association named Todd claims that because of the possibility of economies of scale in terms of cost, Catholic organizations will benefit from the upcoming Multiple Employer Plan (MEP).
This approach reduces member organizations’ fiduciary duty while simultaneously facilitating cost efficiency.
Todd went on to say that adopting an MEP structure would free Catholic enterprises from administrative responsibilities so they could focus on running their businesses rather than running complex retirement programs.
In particular, smaller Catholic businesses and organizations should benefit from the MEP framework.
Observance of Investment Guidelines:
The US Conference of Catholic Bishops (USCCB)’s investing guidelines will be simple to integrate with the plan.
Five fundamental investing guidelines are outlined in the USCCB’s 2021 Socially Responsible Investment Guidelines for Catholics.
Protecting human life, upholding human dignity, advancing the common good, seeking economic fairness, and maintaining the earth as our shared home are at the center of these ideals.
The instructions stress how crucial it is to sell stocks that go against these ideas.
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Focus on Ethical Investment and Divestment:
According to the USCCB guidelines, you should sell all stocks related to abortion, euthanasia, assisted suicide, in vitro fertilization, transgender drugs, embryonic stem cell research, human cloning, discrimination, human trafficking, contraception, pornography, commercial sexual exploitation, or anything that promotes addictive stuff or harmful habits.
On the other hand, the recommendations support investing in companies that support human rights, affordable housing, reducing the effects of climate change, fair labor practices, and environmental and social responsibility.
Protecting the Right to Religion:
Doug Wilson, the CEO of the Catholic Benefits Association, emphasized in a statement the organization’s dedication to upholding religious liberty, especially given the increasing threats to this freedom.
Wilson stressed how the Catholic Benefits Association helps American Catholic companies so they can continue to operate their businesses and ministries in a way that is consistent with their religious beliefs.
This program is part of a larger effort within the Catholic community to bring financial practices into line with ethical and theological principles.
