Diocesan pension schemes

Diocesan pension schemes are retirement savings plans specifically designed for clergy and lay employees working within a diocese, which is a district under the care of a bishop in the Christian church. These schemes provide a structured way for participants to save for retirement, often including contributions from both the individual and their employer. They typically offer benefits based on years of service and salary levels, ensuring that retirees receive financial support in their later years. Overall, these pension schemes aim to secure a stable income for participants after they leave active duty in their religious roles.