Item Description:
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Agmt PR00007804 with Lutheran Social Service of Minnesota for the provision of financial counseling and financial wellness educational services for Hennepin County employees and their immediate household members, 01/01/26-12/31/30, NTE $350,000
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Resolution:
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BE IT RESOLVED, that Agreement PR00007804 with Lutheran Social Service of Minnesota for the provision of financial counseling and financial wellness educational services during the period January 1, 2026 through December 31, 2030, in an amount not to exceed $350,000 be approved; that the Chair of the Board be authorized to sign the agreement on behalf of the County; and that the Controller be authorized to disburse funds as directed.
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Background:
Financial wellness is a vital component of Hennepin County's Total Rewards strategy and a key contributor to employee stability, engagement, and overall well-being.
Through this agreement, certified financial counselors with Lutheran Social Service (LSS) of Minnesota will provide the following services to Hennepin County employees and their immediate household members:
* Up to six (6) financial counseling sessions per year, at no cost. Topics may include debt and budget counseling, student loan repayment, reverse mortgage counseling, pre-purchase counseling, and foreclosure prevention.
* Up to twelve (12) financial education workshops annually, covering a range of personal finance topics.
* A dedicated phone line for Hennepin County employees to access services. Counseling is available in person or by phone, with virtual options for debt, credit, and budget counseling.
* Access to a debt management plan, for those who choose to enroll.
Offering accessible financial education, counseling, and tools helps reduce disparities in financial knowledge and empowers all employees-regardless of background or income-to make informed financial decisions, manage daily expenses, plan for future goals, and navigate unexpected financial cha...
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