Retirement Fund for Religious

by AmormeusDec 2, 2020Blog, What we do0 comments

Retirement Fund for Religious, Sponsored by the National Religious Retirement Office.

Preparing for tomorrow often means letting go of yesterday’s ways of thinking and working. The Sisters of Charity of the Incarnate Word, San Antonio, understand this reality and are embracing change as a vital component of planning for the future. The sisters serve in the United States, Mexico, Peru, and several other countries. The congregation sponsors 24 ministries, including 9 in the United States. It is also one of three religious institutes that sponsor CHRISTUS Health System, a network of more than 600 health-care centers in the US, Mexico, Columbia, and Chile. For years, the sisters focused on these ministries while putting their own needs on the back burner. By 2016, the community was significantly underfunded for retirement, with savings forecast to be depleted by 2027. To address this deficit, the sisters participated in the National Religious Retirement Office (NRRO) Planning and Implementation Assistance program. The process helped the community to recognize the need for change and to adopt ways of operating and thinking that promote ongoing viability. Since entering Planning and Implementation Assistance, the community has reduced its unfunded liability by 50 percent.