Immediately after Pope Benedict XVI announced his resignation, reports circulated that he would be bumped back to a cardinal, which I passed along to you. This made sense at the time, because there can be only one pope.
It turns out that the Holy Father will have a new title designed to express his unique position in the Church as a living, but not sitting, Pope. His title will be: “His Holiness, Benedict XVI, Bishop Emeritus of Rome.”
Frank Weathers, who blogs at Why I Am Catholic, has details. Check it out here.