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Increase Your Company's Productivity through Financial Education
Employers can now estimate the value of providing financial education workshops to their employees through our ROI (Return on Investment) calculator. Go to www.personalfinancefoundation.org to use this valuable tool. If you use one of our affiliated organizations to educate your employees through workshops, online courses, or money coaching, we will work with you to do pre-and post-testing to show how your company has increased its productivity.
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Welcome to the Personal Finance Employee Education Foundation Newsletter
Please join others in staying informed about the importance of Employee Personal Finance Education through our monthly newsletter.
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New PFEEF President
Judith N. Cohart became the new president of the Personal Finance Employee Education Foundation on January 1, 2010. She has excellent credentials and is extremely well prepared to offer leadership to PFEEF. You may know Judith through her roles at the AARP Foundation, the National Foundation for Credit Counseling or the Association for Financial Counseling and Planning Education. Please join us in welcoming Judith. |
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The Profit Sharing/401k Council of America (PSCA) has released its 2009 401(k) and Profit Sharing Plan Eligibility Survey. This snapshot survey investigates eligibility practices of 494 companies. Click here for the full report or visit our Web site at www.psca.org.
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PFEEF's Mission
"Sharing research, expertise, and best practices demonstrating that profits increase by providing employees easy access to resources to reduce personal finance distress and improve financial well-being."
Please go to www.personalfinancefoundation.org to access the Personal Financial Wellness Scale, the Return on Investment Calculator, a Financial Education Providers List, as well as other resources that will enable employers to understand that employees who have their finances in order will be more productive.
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Metlife Survey
MetLife is pleased to present its new original research entitled the MetLife Emerging Retirement Model Study: A Survey of Plan Sponsors
, which examines employer attitudes and behaviors toward the aging workforce in the midst of a deep economic crisis and in the wake of recent legislation/regulation designed to address the changing needs of employers and their aging workforce.
Employers are facing monumental challenges when it comes to managing their most experienced workers. MetLife designed this research to assess whether - and if so, how plan sponsors are recalibrating issues surrounding the aging workforce and to identify emerging models which may be used to manage very experienced workers going forward. Findings include:
·Employers show Deep Anxiety and Conflict about Aging Workforce - Most Employers are Concerned about Knowledge Drain Now and in the Future, and Less Concerned about Delayed Retirement.
·Disconnect Among Employers Between Worry and Action - Few Employers Have Taken Steps to Curtail, or even Assess, Cost of Knowledge Transfer on Their Organizations.
·Phased Retirement Programs may offer a way to manage knowledge drain, more legislation/regulatory guidance welcome MetLife commissioned Asset International (which owns PlanSponsor magazine) to conduct online surveys with 240 employers from companies with at least 1,000 employees. Each respondent is from an organization that offers either a DB or DC plan or both, as well as other employer supported benefits.
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We appreciate your interest in our Foundation. For more information on the PFEEF Foundation go to info@pfeef.org
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Sincerely,
Judith Cohart, President
Personal Finance Employee Education Foundation Inc
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