Employer-based retirement financial Literacy strategies can pay significant dividends to a school district as it seeks to attract, retain, and engage its employees. Participants will see practical applications of best practices that can allow school districts to leverage these generous provisions including health insurance best practices utilization as well as public pensions, social security, 403(b)’s and HSA’s / HRA’S to clearly articulate the financial benefits of working for a school district. As pension plan participation is mandated and often retirement benefits are now coordinated with Social Security, a layer of complexity and “mystique,” often hinders an employee’s ability to perceive the value of these benefits. The Center for State and Local Government Excellence found that more than 60% of school district employees place a high priority on their health insurance benefits as well as pension and other retirement benefits and that remains one of the primary drivers and incentives for choosing to work for and remain with their district. On a national level, many school districts and other public employers are seeking to strengthen their recruiting efforts and retainment initiatives through employer sponsored employee wellness and financial literacy programs to provide public employees with a high level of confidence that they are in a "career of choice" and have the ability to continue their important work serving the students, families, and communities and not be distracted by a lack of confidence that they will be ready to retire when they are ready for that chapter in their lives.

Authors:
Jim Westrum, Orono Public Schools, United States
Ed Dressel, Dallas Public Schools, United States

About the Presenter(s)
Jim Westrum is currently an ASBO Certified School Finance and Operations director with Orono Schools and provides annual updates on emerging employee benefit matters to attract, retain and engage public school employees on a national basis.

Connect on Linkedin
https://www.linkedin.com/in/jim-w-38846ab/

See this presentation on the full schedule – Monday Schedule

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