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Announcing the 2014 NIFEL scholarship winners

(Money Management) Permanent link

WEA Member Benefits Awards Four Scholarships to Wisconsin Teachers to Further Financial Literacy in Schools

Madison, Wis…WEA Member Benefits—a Madison-based provider of personal insurance and retirement and investment services exclusive to Wisconsin public school employees and their families—awarded four scholarships to Wisconsin educators to attend the National Institute of Financial and Economic Literacy’s (NIFEL) annual Summer Institute on financial education. This year’s conference was held June 23-July 30 at Edgewood College in Madison.

The goal of the conference is designed to provide educators with new and innovative ways to teach future generations about basic financial concepts and money management skills such as understanding paychecks, saving and investing, purchasing insurance, and understanding how credit works.

“As an organization, financial literacy is fundamental to what we do, which is why we are pleased to offer scholarships to Wisconsin public school employees attending a NIFEL course,” states David Kijek, president and CEO of WEA Member Benefits.“This program allows educators to increase their instructional effectiveness when teaching these life-long skills to students.”

The four scholarship recipients are:

Mary Dahler, Business and Marketing teacher at Middleton High School, Middleton, Wis.

Holly Kanvik, Family and Consumer Science teacher at Sennett Middle School, Madison, Wis.

Lexa Speth, Social Studies teacher at New Glarus Middle School, New Glarus, Wis.

Michael Goecks, Social Studies and Economics teacher at Brodhead High School, Brodhead, Wis.

WEA Member Benefits has been offering 403(b) and RA retirement savings plans, financial planning services, and personal insurance programs—including auto, home, additional liability, and long-term care insurance—to Wisconsin educators and their families for over 40 years. Our403(b) program has been nationally recognized asa soundly managed, low-cost retirement savings option for Wisconsin public school employees. We operate as a trust which reinvests any profits back into programs that benefit participants. In addition to their products and services, Member Benefits is also a leading provider of financial education for public school employees around the state. WEA Member Benefits was the recipient of an Excellence in Financial Literacy Education (EIFLE) Award in 2012 for our financial literacy game Don’t Be Jack™ and awarded WEAC’s Friend of Education award in 2014.

Give your savings a boost

(Retirement) Permanent link

Laura KampsNow is a good time to update your Salary Reduction Agreement (SRA) to take advantage of new 2014 403(b) contribution limits. Do it now and you’ll be ready to go for the school year.

To update your SRA, please contact your school district business office for their most recent SRA, download our SRA, or if your district allows, you can update your SRA online through yourMONEY access.

Laura Kamps, RIS Specialist

Nominate a financial mentor - Deadline is September 5

(Money Management) Permanent link

Do you know someone that takes the time to give financial encouragement, advice, and guidance to their colleagues? Nominate your financial mentor and give him or her some well-deserved recognition.

Last year, 10 public school employees were nominated for and received Member Benefits' Financial Mentor Award. These individuals share knowledge and information with others about how one can do good as an education professional and also do well financially.

At WEA Member Benefits, our mission is to enhance the financial security of our members. This fall we will recognize individuals who have given their time and talents to mentor others on the benefits of good financial planning and saving for retirement.

Nominations for the 2014 Financial Mentor Awards will be accepted through September 5, 2014. It takes just a few moments to fill out the nomination form at Award winners will be announced on October 20. They will also be mentioned in a short article in your$ magazine and will receive a certificate of recognition.