WASHINGTON (9/3/08)—Credit unions are being asked what they think about a U.S. Treasury Dept. plan to initiate the Workplace Financial Education Honor Roll Program, which would recognize employers who establish and maintain successful educational programs. The program is meant to encourage financial literacy in the workplace by highlighting successful initiatives that show the benefits of financial education through both private sector and public sector efforts. It will be administered by the Treausury’s President's Advisory Council on Financial Literacy. Information regarding those involved in the Honor Roll Program will be collected through an application form. The submitted information will be used to evaluate and assess the effectiveness of employer financial education programs and determine which employers will make the Honor Roll. The collection process will:
* Be conducted on a annual voluntary basis; and * Include brief narrative descriptions on the types of financial education programs being offered to employees.
CUNA is asking credit unions to comment on elements of the Honor Roll program by Oct. 15. CUNA seeks specific comment on the following areas:
*Is the proposed method of gathering information the most efficient? Are there other, similar methods of collection that may prove more effective? * Any suggestions to better structure and implement the Honor Roll Program? * Does the initial burden estimate of six hours sound accurate? * Aside from the collection process, are there any general concerns regarding the Honor Roll Program itself? * Other comments or concerns regarding the Honor Roll Program and its method of collecting data for participants.
Comments in response to Treasury’s proposed Honor Roll Program are due by October 27. Use the resource link below to access CUNA’s Comment Call.