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HOW TO CHOOSE A RETIREMENT COMMUNITY THAT'S RIGHT FOR YOU

 HOW TO CHOOSE A RETIREMENT COMMUNITY THAT'S RIGHT FOR YOU
 PHILADELPHIA, April 28 /PRNewswire/ -- If you are retired, it's likely that two concerns are uppermost in your mind -- your health and financial well-being.
 A growing number of people are addressing those concerns by choosing to live out their lives in retirement communities.
 In general, retirement communities operate the same way and offer similar features. But there are significant variations -- in cost, type of housing, the number of acres making up the community's "campus," the level of nursing care and number of beds in the nursing unit, housekeeping and other amenities. If you think a retirement community may be right for you, it's a good idea to shop around.
 "Elderly people are typically drawn to retirement communities for two reasons: convenience and the availability of nursing care," said Gordon Campbell, vice president of the Financial Planning Center at PNC Financial Corp's (NYSE: PNC) Provident National Bank. "Retirees are looking to shed the responsibilities of managing a household -- cleaning, mowing the lawn and a host of other maintenance duties. They also are seeking the assurance that nursing care is available if they should be stricken by a serious illness or suffer an injury that leaves them temporarily or permanently incapacitated."
 By and large, people who wish to move into retirement communities are required to follow the same procedures. You fill out an application for admission, stating your preference for accommodations -- studio, one-bedroom, two-bedroom or an even larger unit -- which typically are leased, not purchased. You are also required to disclose information about your income and assets, and to undergo a physical examination. The exam requirement underscores a difference between retirement communities and nursing homes -- communities typically will not accept you if you are ill and require immediate nursing care. If you are accepted into the community, your name is placed on a waiting list; it can sometimes take months or years for a unit to open up.
 Most retirement communities charge an entrance fee to "buy into" the community. This fee can range from, say, $50,000 to more than $250,000 for a two-bedroom unit. In addition, residents are charged a monthly fee to cover utilities, housekeeping, a daily meal (even though most units have kitchens) and recreational activities such as art classes, movies or hobby clubs. This fee can range from several hundred dollars a month to more than $3,000 per person.
 "Financial institutions like Provident can assist individuals considering a retirement community," said Campbell. "We offer financial planning services to help people determine the kind of community they can afford. We also have a database containing information on 47 retirement communities. Although the database is limited to communities in the Philadelphia area, it contains pertinent facts and figures -- on fees, campus acreage, nursing beds and the like -- that could assist anyone engaged in comparison shopping."
 PNC Financial Corp, headquartered in Pittsburgh, is the nation's 15th-largest bank holding company, with assets of $44.9 billion. It operates approximately 500 community banking offices in Pennsylvania, Kentucky, Ohio, Indiana and Delaware and conducts business through additional offices in 16 states.
 PNC's principal banking affiliates include: Pittsburgh National Bank, Pittsburgh; Provident National Bank, Philadelphia; Citizens Fidelity Bank, Louisville, Ky.; Central Trust, Cincinnati; Bank of Delaware, Wilmington, Del.; Northeastern Bank, Scranton, Pa.; Marine Bank, Erie, Pa.; PNC National Bank, Wilmington, Del.; Hershey Bank, Hershey, Pa.; and The First Bank and Trust Company, Mechanicsburg, Pa.
 /delval/
 -0- 4/28/92
 /CONTACT: Linda Wolohan of Provident National Bank, 215-585-5453/
 (PNC) CO: Provident National Bank ST: Pennsylvania IN: FIN SU:


SM -- NYSFNS8 -- 3497 04/28/92 07:18 EDT
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Date:Apr 28, 1992
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