In
December, an annual collection is taken up in parishes to help
fund retirement costs for women and men religious. Thanks to
materials sent to parishes prior to this collection, Catholics
are more aware of the retirement concerns of American religious
congregations. The Ursuline Sisters are a part of this picture.
Last year, Central Province Ursulines received $99,402.00, an
average of $1800 for each of fifty-five sisters in assisted
or skilled care. Retired religious are eligible for Social Security
but receive an average of $3749 versus $10,740 for other Americans.
Currently, retirement costs for the Ursulines are 50% funded.
Even with fewer sisters at or above retirement age (72, on average)
by the end of the next decade, care for the remaining number
of younger sisters will remain very expensive as current trends
are likely to continue. The challenge of funding retirement
must be met.
The solution is to raise the other 50%– $14,000,000.
When retirement costs are fully funded, active sisters can be
confident that care for their senior sisters is secure. Complete
funding will provide care for them, too, in the future.
Another blessing of fully funding retirement is the ability
to allocate more funds to ministry. Right now, each year, the
ability to sponsor sisters’ ministries is restricted in
part because retirement costs are not totally funded. A gift
to our annual Mail Appeal and/or an estate gift to help raise
this $14,000,000 is a gift that will give over and over again.
Such a gift will be a wonderful tribute to the Ursuline Sisters
you know and an abundant way to say thank you.
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