Pennsylvania lawmakers are proposing a new initiative to help people save for retirement-Auto-IRA’s.
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.