International Business Machines Corp. announced on Thursday that it would spend some 50 million dollars to improve all its U.S. employees' financial education and planning.

The new program, called "IBM MoneySmart," combines in-person educational seminars, online tools and confidential, one-on-one personal planning sessions with independent financial experts.

It is designed to help IBMers "get smart" about personal finance by providing them with the guidance they need to plan for a secure retirement, said a statement released by the company.

Employees will have access to experts who can assist them on topics ranging from retirement income planning to college savings and debt management.

"No other company that I'm aware of has ever done anything this comprehensive for its employees," said Randy MacDonald, IBM Senior Vice President, Human Resources.

"It combines broad-based financial education with unlimited access to confidential, one-on-one personal financial planning that will help IBMers navigate in a retirement environment where all employees not just IBMers -- have increasing responsibility for managing their own retirement assets," he said.

Source: Xinhua