Senator Mensch Introduces PA Treasury Savings Programs

HARRISBURG – Last night (October 15), State Senator Bob Mensch (R-24) hosted a free webinar on the Pennsylvania Treasury Savings Programs. The webinar discussed a few different programs that the PA Treasury offers, including the PA 529 College and Career Savings Program, the PA ABLE Savings Program, Keystone Scholars, and the PA Savings Pledge.

The Pennsylvania 529 College and Career Savings Program offers two savings plans – the PA 529 Guaranteed Savings Plan (GSP), which is a lower-risk plan that helps your savings keep pace with rising higher education tuition, and the PA 529 Investment Plan (IP), which lets you choose form 17 investment options from The Vanguard Group.

The PA ABLE Savings Program helps people with disabilities to save. This program gives people with qualified disabilities and their families and friends a tax-free way to save for disability-related expenses, while maintaining government benefits.

Keystone Scholars is Pennsylvania’s investment in your baby’s future. PA Treasury is providing $100 for every baby born or adopted by a PA family after December 31, 2018 to be used for the baby’s future higher education expenses. The PA Savings Pledge is a new initiative to help PA families actively save for their children’s postsecondary education or vocational training.

For more information or for brochures about any of these programs, those interested can contact Senator Bob Mensch’s office at 215-541-2388, or the PA Treasury Department at 800-440-4000 or visit https://www.pa529.com/.

For more information on Senator Mensch’s legislation, visit www.senatormensch.com.  State updates can also be found on Senator Mensch’s Facebook at facebook.com/PASenatorBobMensch/ or Twitter @SenatorMensch.

 

CONTACT: Madison Scarfaro mscarfaro@pasen.gov  (215) 541-2388