Industry News

On January 13, 2022, the MissionSquare Research Institute (formerly the Center for State and Local Government Excellence at ICMA-RC or SLGE) released “Fact Sheets on Innovative Public Sector Employee Financial Wellness Programs.” The fact sheets offer innovative concepts for public sector employers interested in improving the financial wellness of their workforce to help reduce debt, save for retirement, or attain other financial goals.

Each fact sheet provides: 1) a summary of the jurisdiction’s approach; 2) outcomes; 3) lessons learned; and 4) future plans. In addition, they provide ideas, advice, and networking opportunities for other public employers that are exploring financial wellness programs.

Over the past year, the Institute partnered with the International Public Management Association for Human Resources (IPMA-HR) and the National Association of State Treasurers Foundation (NASTF), with funding from the Wells Fargo Foundation, to award a total of $1.4 million in grants to establish or improve public employee financial wellness programs. The fact sheets include 24 grantees that represented a broad range of state and local employers from 17 states, the District of Columbia, and the U.S. Virgin Islands, that have been working to develop, implement, and evaluate financial wellness initiatives.

The fact sheets are available here.