Click here to advertise on CatholicCulture.org

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.

Additional sources for this story
Some links will take you to other sites, in a new window.

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 October expenses ($32,790 to go):
$35,000.00 $2,210.25
94% 6%
Sound Off! CatholicCulture.org supporters weigh in.

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!

There are no comments yet for this item.

Subscribe for free
Shop Amazon
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

The myth of religious violence 1 hours ago
Using the figure of Pope Francis for evangelization 21 hours ago
If Catholic priests never preach on sexual morality, be suspicious 21 hours ago
On Bishops and Jesuits, Saints and Angels September 30
Bishop Finn in Kansas City: Not quite up to date? September 30

Top Catholic News

Most Important Stories of the Last 30 Days
Cardinals criticize Kasper proposal, escalating debate on remarriage/Communion CWN - September 18
Cardinal Parolin: UN must protect innocents from Islamic State CWN - September 30