Financial Literacy Report and Webinar
Not all employees come to local government with the same background or familiarity with key financial concepts. And in an era when they are asked to take on a greater responsibility for their own planning around retirement, insurance, debt, and other matters, financial literacy is a key area of concern.
The Center for State and Local Government Excellence has just completed a new report, Financial Literacy Programs for Local Government Employees, and will be discussing the findings as part of a free webinar on Wednesday, February 6, 1-1:45pm EST. Click here to register.
Public Plans Database
SLGE, the National Association of State Retirement Administrators (NASRA) and the Center for Retirement Research at Boston College (CRR) collaborate on a Public Plans Database that collects information from the largest 180 state and local government pension plans – facilitating the tracking of funded ratios, asset allocations, and other metrics, either for a single fund or in comparison to others across the country. The latest update to the database includes information pulled from Comprehensive Annual Financial Reports released in June 2018.
A new SLGE infographic shares key statistics and trends, such as the share of actuarially determined employer contributions (ADEC) being met:
To access the raw data or quick facts for your fund or state, visit PublicPlansData.org.
Trends to Watch
Looking for a big picture analysis of what to expect this year? Check out the center’s State and Local Government Trends to Watch in 2019, as well as SLGE’s contribution to ICMA’s 19 on 2019.
SLGE in the News
SLGE’s financial literacy report has been covered by Plan Sponsor and Route Fifty, and pension research was featured in Investment and Pensions Europe and by the Georgia Association of Public Pension Trustees.
On the workforce front, the Workforce of the Future report was discussed by Governing, American City & County, BenefitsPro, and ExecutiveGov, while the center’s related survey research was highlighted in Workforce, Government Technology, and The Crime Report.
Among SLGE staff, President/CEO Joshua Franzel participated in a panel discussion at the Connecticut Pension Academy, and Senior Fellow Beth Kellar authored a column in Governing offering her perspectives on leadership resolutions for uncertain times.
