Resources to help employees improve financial well-being

April 13, 2020

Many employees report that financial concerns are their biggest source of stress. Here’s how you can help.

Financial wellness is the number one source of stress for many people, which can affect their attendance, focus, and productivity at work. Three-fourths of employees see their employer as a trusted source of help, and approximately 60 percent say they are more committed to their employer and more productive at work when their employer demonstrates a commitment to employee financial wellness.*

Here are some ways you can help your employees and their families achieve financial well-being — during this time of uncertainty and going forward.

Online resources

The Board of Pensions and its vendor partners provide a variety of online resources designed to help employees make the most of their benefits.

From the Board of Pensions

Invite your employees to visit the Board of Pensions website for benefits guidance, as well as timely news articles on financial topics such as debt management and finding resilience in a volatile financial market.

Employer toolkits enable you to engage with and educate your employees about the benefits available to them. Eight toolkits on a variety of topics — including Call to Health, the Employee Assistance Program, and the Retirement Savings Plan — offer email templates, posters, brochures, handouts, and infographics you can share virtually or in-person to reinforce the communications employees receive from the Board of Pensions.

From our vendor partners

Fidelity Investments, recordkeeper of the Retirement Savings Plan of the Presbyterian Church (U.S.A.), maintains an online library of financial resources — including news articles, financial calculators, and on-demand webinars — for plan participants through NetBenefits (login required). All employees (regardless of whether or not they participate in the Retirement Savings Plan) can get help figuring out the nuts and bolts of their financial life on Fidelity’s MyMoney site, and find COVID-19 resources for maintaining perspective in uncertain times at Fidelity.com.

Employees can also find articles, online seminars, calculators, eLearning resources, checklists, and worksheets to support financial well-being through the Employee Assistance Program.** To access these resources, employees will need to

  • log in to my.cigna.com (one-time registration is required; use pcusa for Employee's Employer ID);
  • select Employee Assistance Program (EAP) in the Coverage drop-down menu;
  • click See Work/Life Resources in the Home Life Referrals box; and
  • select Financial from the Living drop-down menu on the next screen.

Do your employees actively participate in Call to Health? Throughout the year, new challenges are added that enable members to improve their financial well-being, while earning points toward reduced medical deductibles for the following plan year.

One-on-one phone consultations

Encourage your employees to speak with a licensed Fidelity retirement planner over the phone, to discuss their unique financial situation and concerns. This free service is available regardless of whether or not they participate in the Retirement Savings Plan. Consider sharing this informational flyer with employees, so they’ll know what to expect during a personal consultation.

The EAP also includes a complimentary, 30-minute phone consultation with a qualified financial specialist on issues ranging from budgeting and debt counseling, to tax planning, college funding, and more. Your employees, along with their family members and others living in their household, can schedule a financial consultation by calling 866-640-2772, or visiting my.cigna.com and using the chat feature.

If you have questions about the financial well-being resources available to you and your employees, please call the Board of Pensions at 800-773-7752 (800-PRESPLAN).

*Source: Prudential’s Wellness Programs Earn Their Place in Human Capital Strategy

**The EAP is not available to members enrolled in Triple-S, GeoBlue, or the Medicare Supplement Plan.