Pope resigns

Pope Benedict XVI announced Monday his future resignation that will occur on Feb. 28, news sources reported.

Benedict announced said that his position, "both strength of mind and body are necessary, strength which in the last few months has deteriorated in me to the extent that I have had to recognize my incapacity to adequately fulfill the ministry entrusted to me," New York Times reported.

Benedict resignation is the first to occur in 600 years, Huffington Post reported.

Benedict was elected in 2005 after the death of John Paul II, New York Times reported.

A new pope is expected to be elected by Easter, Associated Press reported.