Health & Wellness
How will state and local governments deal with health care for the large baby boom generation of public employees? Although increases in health care costs have slowed recently, the growing percentage of employee compensation that goes to health benefits puts pressure on employee wages and other government expenditures, prompting governments to make changes to their plans and strategies. Retiree health care obligations are a major concern as many governments are funding them on a pay-as-you-go basis.
MissionSquare Research Institute and its partners have analyzed data from all 50 states and a large sample of local governments, looking at such issues as benefit offerings and financing strategies, cost containment, individual Medicare marketplaces, retiree health care, and the personal and organizational benefits of wellness programs focused on physical, mental, and financial wellness.
Health and Wellness Resources
Public Sector Employee Financial Wellness Program Needs and Preferences
Forty percent of public service workers report that their employer offers a financial literacy program. Among those offered a program, only 35% have participated. However, 67% of those not offered or not participating in an employer-provided financial education program indicate they would likely participate in the near future or if offered one.