During 2018, the City of Milwaukee included the Deferred Compensation Plan and Voya Financial as part of its financial wellness component of our Healthy Rewards Program (the City’s incentive-based wellness program where participants can earn three levels of points to earn towards a Health Reimbursement Account (HRA), up to $700 if a spouse also completes the program). The City awarded 5 Healthy Rewards Points for employees who attended a financial wellness seminar and 10 Healthy Rewards Points for employees who attended a one-on-one counseling session with a local Voya, onsite representative. The overall objective of incentivizing participants to connect through our financial wellness program is to both highlight the importance of financial wellness and to create pathways and opportunities for participant engagement. Participants who participated in the financial wellness component of the Healthy Rewards Program showed elevated levels of participation rates and average deferral rates.
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- August 7, 2019 Create Date
- August 31, 2023 Last Updated
