Nationwide, nearly 1/3 of people nearing retirement do not have a single dollar saved. And, the burden of paying for those retirements could fall on the taxpayer. Now, Pennsylvania’s State Treasurer is proposing a solution.
Pennsylvania may be the next state to propose automatic-savings plans for workers, according to the treasurer, Joseph Torsella.
Pennsylvania newborns can get a $100 head start on their college education, under a new state program.
On Friday, Pennsylvania Treasurer Joe Torsella was joined by Governor Tom Wolf, Philadelphia Mayor Jim Kenney, and Senators Vincent Hughes and John Gordner for the statewide launch of Keystone Scholars. Keystone Scholars grants $100 to every child born or adopted to a Pennsylvania family, on or after January 1, 2019, to be used for future post-secondary education expenses.
Pennsylvania Treasurer Joe Torsella announced that PA Treasury has expanded capabilities to the Transparency Portal by introducing new features as part of Phase 5 advancements. The portal will now provide the budgetary status for the General Fund along with collected revenue data.
Contributions to the Pennsylvania 529 College and Career Savings Program hit a new high in 2018. Pennsylvania State Treasurer Joe Torsella said Monday that Pennsylvania families saved more in 2018 than in any other year of the program’s 25-year history.