HOLLIDAYSBURG -- It was reported for years that the Diocese of
Altoona-Johnstown paid for settlements and fees involving alleged clergy
abuse through insurance and investment profits. The Associated
Press reported in May 2004 that "the diocese said it will continue
discussions with various insurance companies to recover the cost" of a
21-person settlement that cost the diocese millions.
"To provide for immediate payment, however, it will use the surplus from the Mutual Aid Plan, the deposit and loan fund for parish savings accounts," wrote the AP. "None of the parish deposits [or] interests will be use, just the investment profits that are owned by the diocese, according to the diocese' news release."
http://wjactv.com/news/diocese-investigation/6-news-investigates-whos-paying-for-clergy-abuse-settlements
"To provide for immediate payment, however, it will use the surplus from the Mutual Aid Plan, the deposit and loan fund for parish savings accounts," wrote the AP. "None of the parish deposits [or] interests will be use, just the investment profits that are owned by the diocese, according to the diocese' news release."
http://wjactv.com/news/diocese-investigation/6-news-investigates-whos-paying-for-clergy-abuse-settlements