Washington, DC, USA (Wednesday, 12/16/2015, Gaudium Press) On 12 and 13 December took place in most parishes in the United States the collection for the Retirement Fund for Religious sponsored for the last 28 years by the National Religious Retirement Office (NRRO), in order to support the needs of religious and elderly priests, who do not receive assistance from their communities.
The National Religious Retirement Office coordinates the annual national appeal for the Retirement Fund for Religious and distributes financial assistance for retirement needs to eligible religious institutes. The National Religious Retirement Office and the Retirement Fund for Religious are sponsored by the Conference of Major Superiors of Men, Council of Major Superiors of Women Religious, Leadership Conference of Women Religious, and United States Conference of Catholic Bishops. NRRO strives to support, educate and assist religious institutes in the United States to care for their elderly and frail members now and in the future. NRRO aims to:
– raise funds for retired religious;
– help religious institutes realistically assess their current retirement needs and implement planning;
– educate religious institutes to allocate assets realistically;
– develop educational tools, programs, services and resource materials that enable religious institutes to address retirement wisely.
A Mercer Human Resources Consulting report commissioned by NRRO projected that by 2030 religious institutes will face a retirement deficit of $9.6 billion. Mercer Actuarial Study
The NRRO and the Resource Center for Religious currently are working with Mercer Human Resources Consulting to validate and update the mortality tables for women and men religious. Religious institutes are encouraged to contribute to this effort by submitting census data using the Mercer Study Input Form.
Visit www.retiredreligious.org to learn more about who we help and why they need our help now.