Washington, DC, May 30, 2008 — Society for Financial Education and Professional Development’s President and Founder, Theodore R. Daniels, who serves on President George W. Bush’s Advisory Council on Financial Literacy, addressed federal employees at the Office of Personnel Management’s “The Art of Retirement Readiness” training event held in Anaheim, California, May 6-9, 2008.
Mr. Daniels, a former Federal employee, served as keynote speaker to 360 benefit officers who represented various federal departments and agencies located throughout the United States of America on the importance of providing financial education in the workplace, particularly as it relates to retirement education. Mr. Daniels, as Council member, spoke in two capacities in which he promoted financial literacy and as a representative of this organization where he gave the attendees an outline or model for a financial literacy program that could be used by their department or agency. This event included a variety of workshops to increase employees’ knowledge of Federal benefits programs, as well as financial education programs.
Mr. Daniels stated that: “The lack of a financially literate society causes the financial resources of households and the country to be used in an inefficient manner, thus hurting the financial viability of families, the ability to create wealth, and the country as a whole.” He went on to state that the provision of financial education could be a life-changing event for many employees.
About Office of Personnel Management (OPM)
OPM’s mission is to ensure the Federal Government has an effective civilian workforce. OPM accomplishes its mission by: Providing human capital advice and leadership for the President of the United States and Federal agencies; Delivering human resources policies, products and services; ensuring compliance with merit system principles and protection from prohibited personnel practices; and, holding agencies accountable for their human capital practices.
About the President’s Advisory Council on Financial Literacy
The President’s Advisory Council on Financial Literacy (the Council) was created on January 22, 2008 by President George W. Bush. The Council’s purpose is to help keep America competitive and assist the American people in understanding and addressing financial matters. Each member of the Council represents an industry involved with the delivery of financial education to American citizens. The President and the Secretary of the Treasury have tasked the Council to work with the public and private sector to help increase financial education efforts for youth in school and for adults in the workplace, increase access to financial services, establish measures of national financial literacy, conduct research on financial knowledge and to help strengthen public and private sector financial education programs.
About the Society for Financial Education and Professional Development
The mission of the Society for Financial Education and Professional Development (SFEPD) is to enhance the level of financial and economic literacy of individuals and households in the United States and promote professional development at the early stages of career development through mid-level management. SFEPD has created and presented a series of financial education seminars to expose students of historically black colleges and universities to the fundamentals, strategies and intricacies of personal financial management-critical information and insight that they may not get elsewhere…or may learn too late. The organization has developed and presented financial education for non-profit, profit and governmental organizations. For more information about SFEPD and its financial education programs, visit www.sfepd.org.