Cost of annual retirement care for US religious tops $1 billion
Catholic World News - November 20, 2013
The “total cost of care for senior women and men religious” topped $1.1 billion in 2012, the United States Conference of Catholic Bishops (USCCB) stated in a press release on the annual Retirement Fund for Religious collection.
61% of religious communities in the United States that take part in the collection have a median age of 75 or over. By 2023, “retired religious will outnumber wage-earning religious by four to one,” according to the press release.
“Of 548 communities submitting data,” the USCCB added, “only 8% were fully funded for retirement.”
Catholics have contributed $698 million to the collection since 1988, including $27 million in 2012.
An appeal from our founder, Dr. Jeffrey Mirus:
Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!
Progress toward our March expenses ($29,819 to go):
All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!