Annual collection helps Diocese of Manchester religious communities address retirement shortfall
Now in its 26th year, the collection benefits more than 34,000 senior sisters, brothers,and priests, known collectively as women and men religious.
Last year, the Diocese of Manchester contributed $242,336.12 to the collection.
In 2013, the Daughters of Charity of the Sacred Heart of Jesus and the Sisters of Holy Cross from the fund.
The Most Rev. Peter A. Libasci, bishop of Manchester, urges support for the collection.
Catholic bishops of the United States initiated the collection in 1988 to address the significant lack of retirement funding among religious communities.
More than 93 percent of donations directly support senior religious and their communities.
Communities use these funds to bolster retirement savings and to subsidize day-to-day expenses such as prescription medications and nursing care.
In the past, Catholic sisters, brothers and religious order priests served for small stipends that did not include retirement benefits. Their sacrifices now leave their religious communities without adequate savings for retirement.
At the same time, the number of religious needing care is on the rise. In 2012, 61 percent of the religious communities providing data had a median age of 75 or older.
By 2023, the National Religious Retirement Office projects that retired religious will outnumber wage-earning religious by four to one.
READER COMMENTS: 0
- All Saints' Episcopal picks a new rector - 0
- New rabbi joins Temple Israel of Portsmouth - 0
- Granite Staters set sights on Quebec pilgrimage - 0
- Pope begs forgiveness for 'sacrilegious cult' of Church sex abuse - 0
- Sudan releases Ibrahim, but insists she stay there - 0
- Emergency preparedness class offered for churches - 0
- Music minister Grinnell leaving First Congregational Church - 0
- Bishop makes changes to Diocesan leadership structure - 0
- Meriam Yehya Ibrahim, children being held again in Sudan - 0
READER COMMENTS: 1
- Rochester eyes another Legion baseball crown - 0
- Only a freshman, Kennedy excelled on the track - 0
- Looking Back With Aurore Eaton: The Manchester Opera House makes its stunning debut - 0
- Another View -- John Dumais: Mandatory GMO labeling is all cost, no benefit - 4
- What’s the rush? Executive Council follows Pelosi plan - 1
- On Baseball: Fisher Cats prove point - 0
- Evan Turner, Celtics see upside in new deal - 0
- Thunder take two from Fisher Cats - 0
- Ortiz, Drew (4 RBIs each) lead Red Sox hit parade against Blue Jays - 0
Market Basket workers urged to 'shut it down'; deposed CEO urges fired workers be given jobs back
Shaheen's record: On insurance, it is dismal
Anti-SUV flop: Americans love utility
Police say boy, 6, found in getaway car
U.S. appeals courts issue conflicting rulings on Obamacare exchange subsidies such as NH's