The construction of a priest retirement residence will provide our senior priests with the option to live in community with their brother priests
during their retirement years.
Further, an investment to bring the funding status of the priest pension plan up-to-date will provide stability for our senior priests in their retirement years. This initiative will provide retired priests with a modest increase in monthly income and will result in a reduction to the annual contribution to the plan.
The current annual contribution to the plan is more than $1,000,000. This includes the Priesthood Present and Future collection, the Archbishop’s Call to Share and endowment earnings. The annual contribution to the plan would be reduced by more than 50% (based on current benefits).
By the Numbers:
(As of March 30, 2018)