New Monetary Wellness Case Research Spotlight How 5 Public Sector Employers Are Bettering the Monetary Well being of Staff

Webinar on March third Will Present Revolutionary Concepts to Strengthen Monetary Wellness Applications

Case Research of Revolutionary Public Sector Worker Monetary Wellness Applications

Case research spotlight the outcomes of 5 jurisdictions that participated in a one-year initiative that awarded $1.4 million in grants to 24 jurisdictions to determine or enhance public worker monetary wellness packages.

Washington, D.C., Feb. 24, 2022 (GLOBE NEWSWIRE) — As public sector staff report elevated monetary challenges within the wake of the continuing pandemic, a brand new collection of economic wellness case research supplies state and native authorities employers with key learnings and promising practices to assist staff cut back debt, save for retirement, and attain different monetary objectives. This analysis comes as state and native employers wrestle to draw and retain staff amid the Nice Resignation.

Case Research of Revolutionary Public Sector Worker Monetary Wellness Applications highlights the outcomes of 5 jurisdictions that participated in a one-year initiative that awarded $1.4 million in grants to 24 jurisdictions to determine or enhance public worker monetary wellness packages. This analysis is a part of a MissionSquare Analysis Institute collaboration with the Worldwide Public Administration Affiliation For Human Assets (IPMA-HR) and the Nationwide Affiliation of State Treasurers Basis (NASTF), with the assist of the Wells Fargo Basis.

“These 5 case research spotlight a variety of approaches states and localities have taken, or may take, in implementing efficient monetary wellness packages for his or her staff,” stated Joshua Franzel, Ph.D., MissionSquare Analysis Institute Managing Director. “They’re supplied at a time when many public staff are beneath monetary strain and are contemplating jobs modifications within the wake of the pandemic. Implementing significant monetary wellness packages could be a key software for public employers as they deal with growing a productive workforce that’s financially safe.”

Learn the monetary wellness case research. Register for a webinar on Thursday, March 3, 2022, at 2:00 PM ET for a evaluate of key practitioner-oriented takeaways from the case research and the monetary wellness grant initiative.

The case research present concepts, recommendation, and networking alternatives for different state and native governments excited about establishing or strengthening worker monetary wellness packages. Every case research provides a abstract of the jurisdiction’s strategy, outcomes, classes discovered, and future plans. The 5 case research embody:

  • Central Carolina Group School, North Carolina

  • Milwaukee County Transit System

  • Pennsylvania Treasury

  • San Diego County Water Authority

  • Wisconsin Robust – Wisconsin Division of Worker Belief Funds and Wisconsin Division of Monetary Establishments

Latest analysis signifies the various state and native staff are nervous about their private funds and monetary selections, and they’re experiencing burnout. Analysis additionally finds few public employers at present provide monetary wellness packages, but staff need these packages and imagine they’re essential.

The case research comply with a collection of Monetary Wellness Reality Sheets, which additionally can be found on an interactive map. The partnership included the event of a monetary wellness toolkit that features reference supplies and guides on internet hosting digital and in-person monetary wellness conferences/conferences; a customizable speaker’s monetary wellness toolkit; and a census of current state monetary wellness and education schemes. All of those supplies can be found right here.

MissionSquare Analysis Institute promotes excellence in state and native authorities and different public service organizations to draw and retain proficient staff. The group identifies main practices and conducts analysis on retirement plans, well being and wellness advantages, workforce demographics and talent set wants, labor pressure improvement, and matters dealing with the not-for-profit trade and training sector. MissionSquare Analysis Institute brings collectively leaders and revered researchers. Extra data and entry to analysis and publications can be found right here.

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CONTACT: Aprile Pritchet MissionSquare Analysis Institute 202-962-8067 [email protected] Kelly Kenneally MissionSquare Analysis Institute 202-256-1445 [email protected]
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