What kind of retirement package does an abdicating pope receive? There is no historic precedent, but according to the Italian daily La Stampa, the 85 year-old Pope Benedict XVI will receive a monthly pension worth 2,500 euros a month (about $3,340) once he steps down on Feb. 28.
The first pontiff to retire in six centuries, Benedict XVI has left canon lawyers and Vatican officials with plenty of doubt. Dealing with an abrupt resignation and not a sudden death, the Holy See has yet to determine Benedict's new title, the color of his new dress and whether he will keep the name Benedict or return to his birth name of Joseph Ratzinger.
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Most likely, he will get the title of Bishop Emeritus of Rome, qualifying him for the €2,500 pension.
The former leader of the world's 1.2 billion Catholics will get half of what a retired cardinal is entitled to receive, although it is possible that the next pope grants Benedict the title of emeritus cardinal.
"In this case, his monthly income would double to €5,000," La Stampa wrote.