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Evansville, Indiana
September 8, 1989     The Message
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September 8, 1989
 

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6 The Message -- for Catholics of Southwestern Indiana Retirement Fund for Religious September 8, 1989 Diocesan religious women, men allocated ne0000rly $90,000 for retirement By PAUL LEINGANG Message Editor Contributions from the Diocese of Evansville to the Retirement Fund for Religious totalled $50,699 -- part of the grand total of $25.4 million contributed in the first year of the lO-year appeal, according to an annual report recently made public. Religious women and men in the Diocese of Evansville were allocated almost $90,000 from the total collected, to be used for retirement purposes. The Sisters of St. Benedict, Ferdinand, received a grant of $62,046.88, and the Benedic- tine Fathers, St. Meinrad, received a grant of $27,849.49, according to the report. Unfunded retirement liability nationwide was estimated at $2.5 billion in 1986. A retire- ment needs survey in 1987 verified the need. A new report in 1988 -- with information from more religious groups than were originally surveyed found an increase of another half billion dollars to a total of $3 billion. Organizations participating in the survey were the Con- ference of Major Superiors of Men, the Leadership Con- ference of Women Religious, and the National Conference of Catholic Bishops. A grant of $400,000 from Lil- ly Endowment was used to strengthen the financial plann- ing services of the three organizations which establish- ed the Tri-Conference Retire- ment Project. The 1988 report shows that congregations have $3 billion less than is needed to pay for the retirement needs of their members; that the problem is growing because congregations are unable to put aside savings for retirement needs; and that the number of retired members in many congregations was beginning to outweigh the number of active members, which seriously affected the ability of congregations to earn income. The annual report states the problem in this way: "For years religious congregations have been using their resources to subsidize the ministries they performed, and now they do not have the money to take care of their elderly and infirm." In 1987, the median age of women religious was 64 -- almost twice as high as the me- dian age of 33 for other women in the United States. Studies also showed that INTRODI ICING AT 15. ;)% A.ER. For information on vocations contact: Father David Fleck, Vocations Office, 424-5536 Ext. 111 ii m 00Dubois County Bank CLOSE TO YOU WITH 8 CONVENIENT LOCATIONS HARP&apos;S THE TRI-STATE'S LARGEST SEAFOOD DISTRIBUTOR Continuous Service For Over 50 Years Orange Roughy Whole Catfish Catfish Fillets Boston White Fish Ocean Perch Fillets Sole Fillets Sword Fish Steaks Tuna Steaks Halibut Steaks Co-Ho-Salmon Frog Legs Raw Scallops Rock Shrimp Med-Large-Jumbo Raw Shrimp King Crab Legs Rock Lobster Tails Red Snapper Greenland Turbot '::i.>..:!!  ::: : : } '>': ' ':'': <":':"::'': ::::::::::::::::::::::': :"$$"":?& ::::::::::::::::::::::::::::::::::" .::':: :::::::::' "::' :!!::::: :::::'::: :::!::: : :: ::"'!::::: :: :!:::: :"'>:.!' ": :: :!::: :::!":'$<!: :!:: : i$::::: ::: :':: :: ::: $!:!l I HARP'S FISH & SEAFOODS 1309 N. GREEN RIVER RD. 476-3057 religious women were living longer than the average American woman, and that congregations have had a serious decline in the number of active members. In 1966 there were 181,421 sisters in the United States. In 1987 there were only 102,762 sisters in the United States, and of that number, 39 percent were over the age of 70. In addition to the amounts contributed and granted in the Diocese of Evansville, the 1988 annual report also shows these statistics: -- Contributions from the HUNTINGBURG Buehlers I.G.A. "The Thrifty Housewife's Source of Savings" QUALITY FOODS, MEATS HUNTINGBURG Compliments Nass & Son Inc. FUNERAL HOME Huntingburg, Ind. Archdiocese of Indianapolis totalled $410,893; from the Diocese of Lafayette-in-Indiana, $186,254; from the Diocese of Fort Wayne-South Bend, $90,000; and from Gary, $75,000. Contributions from the neighboring Diocese of Belleville, ]11., totalled $131,818; and from the Diocese of Owensboro, Ky., $48,037. Retirement grants in Indiana included $27,571.66 to the Benedictine Sisters at Beech Grove; $143,562.19 to the Sisters of St. Francis at Olden- burg; $289,522.71 to the Sisters ii of Providence at St. Mary-of- the-Woods; $100,779.07 to the Poor Handmaids of Jesus Christ at Donaldson; $24,039.08 to the Sisters of St. Joseph at Tipton; $229,686.61 to the Sisters of St. Joseph of the Third Order of St. Francis at South Bend; and $62,704.28 to the Brothers of the Holy Cross at Notre Dame. According to the annual report, 97 cents of every dollar contributed is used for retire- ment grants. One cent is used for administration; two cents, for promotions. The second annual appeal is scheduled Dec. 9 and 10, 1989. HAUB STEAK HOUSE PRIME STEAKS - SEAFOOD - CHICKEN (1) 768.6462 LARGE PARTY ROOMS Haubstadt, Ind. The VISA Card That's A Cut 0000bove The Rest W you can have all the advantages of the Permanent Federal VISA lassic-the credit card that truly is a cut above the rest. 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