New Infographic on Emergency Savings Funds for Employees
In conjunction with April being Financial Literacy Month, the Center for State and Local Government Excellence at ICMA-RC has developed an infographic on the business case for helping employees to build emergency savings. One indication of the need is a survey finding that prior to the pandemic, only 30% of state and local government employees had a fully funded emergency fund to help pay for major unexpected expenses or to cover necessities if they lost their main source of income. Click here to download the infographic. For more resources on employee financial wellness from SLGE at ICMA-RC, see our Quick Reference Guide.
Since 2009, SLGE at ICMA-RC has partnered with the International Public Management Association for Human Resources and the National Association of State Personnel Executives on a workforce survey of state and local HR professionals. This year’s survey included questions on recruitment, retention, benefits, and retirement, as well as flexible work practices and the looming succession planning challenges of an aging workforce. The survey results will be released in conjunction with a webinar on Wednesday, May 19 at 3pm EDT. Click here to register.
Stakeholders Report on Financial Wellness
SLGE at ICMA-RC convened 13 organizations from across the nation in February for a stakeholders meeting to discuss key issues facing state and local governments regarding financial wellness. The report from that meeting serves as a blueprint for future collaborations to assist government employees and others in furthering their financial wellness education. Click here to download
Public Plans Data: 2020 Updates Posted
Through a partnership with SLGE at ICMA-RC, the National Association of State Retirement Administrators and the Center for Retirement Research at Boston College, data are now available online for 200 state and local pension plans, accounting for more than 95% of all state/local pension plans and members.
The latest data – as reported in December 2020 annual financial reports – allows site visitors to view national, state, or plan level data from 2001 to 2020, download raw data or graphs, and review variables ranging from funded ratios and fees to asset allocation, actuarial valuations, and policies regarding post-retirement return to work.
Click here to visit PublicPlansData.org.
SLGE at ICMA-RC in the News
Articles discussing state and local programs funded through our financial wellness grant program appeared in publications in Iowa and Nebraska. State and local projects started or expanded through that program will continue through September 2021, after which SLGE at ICMA-RC will be reporting on leading practices and program case studies.
SLGE at ICMA-RC Senior Research Manager Rivka Liss-Levinson published an article on LinkedIn: How Innovative Employers Can Address State and Local Workforce Health and Financial Concerns to to COVID.