New York, New York, April 09, 2026 (GLOBE NEWSWIRE) — The New York State Insurance coverage Fund (NYSIF), the state’s nonprofit and largest staff’ compensation insurance coverage service, right this moment introduced the launch of a monetary literacy marketing campaign together with the beginning of Nationwide Monetary Literacy Month. NYSIF’s marketing campaign features a multi-platform digital and social marketing campaign, designed to help efforts to enhance the monetary literacy and monetary well being of the workforce.Featured on NYSIF’s new monetary training web page are hyperlinks to:
Straightforward‑to‑comply with guides that specify fundamental banking ideas and assist injured staff shield their moneyTips to assist staff keep away from pointless charges—so extra of their profit funds stick with themPractical instruments to help knowledgeable monetary choices throughout recoveryTips to guard from id theft or fraud
“Financial literacy is important for workers of all ages to better understand how to make informed financial choices, avoid paying unnecessary fees and interest, and build savings that can be invested in their or their family’s future,” mentioned Gaurav Vasisht, Government Director and CEO of NYSIF.
“I commend the leadership and union staff at NYSIF for continuing to innovate for the good of injured workers and unionized employers,” mentioned Mario Cilento, President of the New York State AFL-CIO. “Providing access to financial literacy educational resources, encouraging the use of direct deposit, and speeding benefit payments to workers are all examples of how insurance companies can leverage their role to help workers. NYSIF continues to lead the way and provide a strong benchmark for other financial services companies to aspire to.”
NYSIF’s monetary training webpage is the newest collection of initiatives that NYSIF has taken to advertise the very best monetary outcomes to deal with challenges staff might encounter after experiencing accidents at work. Since 2022, when NYSIF started an ongoing direct deposit promotional marketing campaign, enrollment in direct deposit elevated 81%, practically doubling the variety of staff enrolled. Direct deposit permits injured staff and paid household depart claimants to obtain profit funds 7-10 days sooner than with a mailed paper test.
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In 2023, NYSIF accelerated all funds made via direct deposit from the 2 to 3 days of conventional automated clearing home (ACH), to happen by way of same-day ACH. NYSIF has remodeled 2.1 million same-day ACH funds to make sure injured staff and paid household depart claimants who obtain advantages accomplish that as shortly as doable. NYSIF’s monetary literacy training marketing campaign will proceed all year long and can present accessible sources for all NYSIF’s employers and their staff. The web site and social media marketing campaign supplies are free and accessible to the general public.
