Pope Benedict XVI To Receive N530k Monthly Pension

Pope Benedict XVI recently announced his resignation from office effective February 28 due to health concerns. His holiness who should have remained pope till death baring his illness will be paid a pension of 2,500 Euros (about N530k) monthly, several Italian media outlets which quoted the amount of the pension usually paid to bishops have reported.

The head of the Catholic Church does not officially have an income and doesn’t really get paid, the Vatican has said repeatedly in response to inquiries from the press over the years, adding that “he has his every need provided for by the Holy See”.

The Italian press however said, “but we know what Benedict will make once he relinquishes the papacy on Feb. 28. He will be paid a pension of 2,500 euros a month, or about $3,340.