The National Religious Retirement Office (NRRO) and the Resource Center for Religious Institutes (RCRI) are collaborating to update the Mercer Mortality Tables for Women and Men Religious. By the time you read this newsletter you may already have received a request for assistance in this project.
The current Mercer Mortality Tables for Men and Women Religious were created in 1995 to more accurately represent the longer life expectancies usually experienced by members of religious institutes. Given that the mortality tables for the general population have been updated in recent years, the NRRO and RCRI have consulted with Mercer about validating and, if necessary, updating the tables for religious.
The Mercer Mortality Tables provide information for various forecasting models, including the Tracking Revenue, Expense, Net Assets, Demographics, Savings (TRENDS) program used by RCRI. The NRRO uses the tables to calculate the Retirement Needs Analysis. Reliable census projections are a critical component not only of these tools but also of all aspects of your planning for your institute’s membership.
The NRRO and RCRI need your assistance. In order to create statistically valid tables, Mercer will need census data for 35,000 to 50,000 religious, in other words, for the MAJORITY of U.S. religious. Please aid in this effort by supplying the data requested in the email messages from the NRRO and RCRI.
If you have questions, you can email Brother Larry Lundin at llundin@trcri.org.
Thank you!
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