News Releases - June 2020


Treasurer Torsella Calls On U.S. Supermarkets To Reduce Emissions Of Super Pollutants

Supermarkets still using chemicals that are thousands of times more harmful than CO2

Harrisburg, PA - Pennsylvania State Treasurer Joe Torsella today called on major U.S. supermarkets to reduce their carbon footprint, by transitioning away from harmful refrigerant chemicals such as hydrofluorocarbons (HFCs). Torsella is calling on supermarkets to transition to natural refrigerants with far less environmental impact, and to increase transparency on their efforts to reduce HFC emissions.



Treasurer Torsella & Attorney Genernal Shapiro File Joint Amicus Brief in Supreme Court Battle for Matured Savings Bonds

Treasurer & Attorney General fighting to get $850 million in matured savings bonds back to Pennsylvanians

Harrisburg, PA - Pennsylvania State Treasurer Joe Torsella and Attorney General Josh Shapiro jointly filed an amicus brief to the U.S. Supreme Court in an appeal of LaTurner v. United States. This case is an appeal from the decision of the D.C. Court of Appeals to uphold the position of the U.S. Treasury Department that effectively undermines state unclaimed property laws designed to reunite over 62 million matured and unredeemed U.S. savings bonds with their owners. For decades, the U.S. Treasury Department has actively opposed and blocked state efforts to reclaim these funds on behalf of their citizens, keeping billions of dollars in matured and unredeemed bonds proceeds owed to American citizens.



Treasurer Torsella Announces $30 Million Asset Milestone for PA ABLE Program

Assets increased by more than $10 million in 7 months

Harrisburg, PA - Treasurer Joe Torsella today announced that the PA ABLE Savings Program (PA ABLE) has surpassed $30 million in assets, reaching more than $30.5 million. PA ABLE currently benefits nearly 3,500 account owners and is the largest program in the National ABLE Alliance.



Treasurer Torsella Announces Most Favorable Private Student Relief Package in the Country

Bipartisan deal automatically pauses payments and moves interest rates to zero

Harrisburg, PA - Pennsylvania Treasurer Joe Torsella announced that the five-month PA budget package, signed into law by Governor Tom Wolf on May 29, provides relief for borrowers of private student loans that are owned by the Pennsylvania Higher Education Assistance Agency (PHEAA). Borrowers of PA Forward Student Loan Program, Keystone Extra loans, and MedBest loans will automatically receive relief. For the first time nationally, critical federal protections are extended to these private student loans by:



Pennsylvania Treasury To Pay PUA Payments By Debit Card Moving Forward

Debit card solution provides for faster and more secure payments, while combatting recent fraud

Harrisburg, PA - Pennsylvania Treasurer Joe Torsella today announced the next steps that the Treasury Department and the Department of Labor & Industry are taking to better serve Pennsylvanians who qualify for the new Pandemic Unemployment Assistance (PUA) program, which was recently targeted in a widespread fraud scheme. Starting Tuesday, June 9, Treasury will resume debit card payments to PUA claimants who already have a U.S. Bank ReliaCard. In addition, PUA claimants who do not yet have a ReliaCard are expected to receive one in the next two weeks and will then begin to receive payments on the ReliaCard.



Treasurer Torsella Announces Top-Ten Ranking for PA 529 College and Career Savings Program

Program’s Investment Plan ranks 8th nationwide in one-year performance category

Harrisburg, PA - Pennsylvania Treasurer Joe Torsella today announced that the PA 529 College and Career Savings Program Investment Plan (IP) is now ranked 8th in SavingForCollege.com’s 529 one-year performance rankings for the first quarter of 2020.



Treasurer Torsella Votes To Add Frontline Worker Representation To Walmart’s Board Of Directors

Following COVID-19 outbreaks, shareholders consider proposal to include workers in board nominations

Harrisburg, PA - Treasurer Torsella today announced that he supported a shareholder proposal to add hourly frontline worker representation to the nominating process for Walmart’s Board of Directors. Upon approval, the proposal, filed by a Walmart associate, would have included hourly associates as director candidates at its annual shareholder meeting.