
Annual appeal for
elderly Catholic religious December 8–9
The 20th national annual appeal for
the Retirement Fund for Religious (RFR) will be conducted in Catholic parishes
in the Diocese of Buffalo the weekend of December 8 and 9. Coordinated by the National
Religious Retirement Office (NRRO) of the United States Conference of Catholic
Bishops, the appeal benefits the projected $9 billion retirement liability of
the nation’s aging religious women and men.
Bishop Edward U. Kmiec, bishop
of
In the 19 years between 1988 and 2006, the Diocese of
Buffalo remitted $17.3 million to the NRRO.
The total grant amount received, which was distributed to the
congregations in the diocese who requested funds, totaled $16.7 million. That means 96 percent of the money
contributed to the appeal in the eight counties of
Grant awards have assisted investment
and supported collaboration among religious institutes and helped ensure
quality of life and adequate health care for thousands of religious formerly at
risk.
During the past two decades, however,
the gap between assets available for retirement and the cost of living and
health care for elderly women and men religious has widened from $2 billion to $9
billion and is expected to grow. In
2023, the combined Social Security benefits of all retired religious is
projected to be $184 million a year, but cost of care totals more than $1.6
billion annually. More than 37,000 Catholic religious
are now past age 70. More than 5,000 women and men require skilled nursing
care. While costs for care in a skilled nursing facility in the
The average Social Security benefit
for religious women and men is approximately one-third that paid to the average
For
more information, go to www.shareinthecare.org
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