Allentown, PA - Treasurer Joe Torsella, along with State Representatives Michael Driscoll and Michael Peifer and Senator Art Haywood met with stakeholders today in Allentown to discuss the new bipartisan Keystone Saves proposal that would enact a state-facilitated, privately-administered auto-IRA program.
Harrisburg, PA - Pennsylvania State Treasurer Joe Torsella today announced that the PA 529 College and Career Savings Program Investment Plan (IP) has received, for the first time in its history, a Morningstar Bronze RatingTM in its review of Top 529 College Savings Plans for 2019. The ranking puts the Pennsylvania plan among an elite group of 30 “Best in Class” plans, less than half of all the plans rated by Morningstar.
Harrisburg, PA - Pennsylvania State Treasurer Joe Torsella today announced expanded capabilities of the Treasury Transparency Portal by launching Phase 6. The portal now houses the Contracts e-Library and includes a total contract count for each agency by fiscal year. Users can also track Treasury Department payments, at the check-level, using the new Treasury Checkbook.
Harrisburg, PA - Pennsylvania Treasurer Joe Torsella announced today that the PA 529 College and Career Savings Program Guaranteed Savings Plan (GSP) earned an annual return rate of 6.45%, net of fees, in fiscal year 2018-2019, exceeding its assumed actuarial return rate of 6%.
Harrisburg, PA - Pennsylvania Treasurer Joe Torsella announced today a further reduction in fees for the PA 529 College and Career Savings Program Investment Plan (IP). This most recent reduction keeps IP fees at some of the lowest levels when compared to similar plans in other states.