Centre for Policy on Ageing



Pastors' retirement — crisis beyond the shrinking of social security
Author(s)	Gyoungsin "Daniel" Park, Ilene Smith-Bezjian
Journal title	Journal of Religion, Spirituality & Aging, vol 21, no 3, 2009
Pages	pp 172-181
Source	http://www.tandfonline.com
Keywords	Ministers of religion ; Asian people ; Korea ; Savings ; Financial services [older people] ; Preparation [retirement] ; Social surveys ; United States of America.
Annotation	This article examines the financial aspect of pastors' retirement using pastors from Korean churches in the Southern California area. Although the sample may not exactly reflect the retirement preparation of Korean pastors in Southern California, it is amazing that only a small number of churches consider their pastors retirement seriously and provide help into their retirement years. In addition, the fact that more than 85% of the pastors do not prepare for their retirement brings the seriousness of the problem to attention. The findings that smaller churches and lower salaried pastors have much less retirement savings worsens the situation. The research results will assist church leaders in establishing a plan to provide pastors with a better quality of life in the retirement years. (KJ/RH).
Accession Number	CPA-090907206 A
Classmark	XR: TKK: 7DK: JDD: J: GA: 3F: 7T
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