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Pennsylvania State Treasurer Stacy Garrity seeks to reunite owners with unclaimed property

Pennsylvania State Treasurer Stacy Garrity seeks to reunite owners with unclaimed property
psu.edu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from psu.edu Daily Mail and Mail on Sunday newspapers.

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Keystone Saves Would Increase Retirement Security in Pennsylvania

Rotunda at the Pennsylvania Capitol Harrisburg.
Dwight Nadig
The Pew Charitable Trusts urges the creation of Pennsylvania’s Keystone Saves. This state-facilitated retirement savings program for businesses without a retirement plan relies on regular payroll contributions to fund individual retirement accounts (IRAs). Keystone Saves would be a public-private partnership in which IRAs are professionally managed by a third-party financial firm overseen by the state with administration and investment fees kept low through the economies of scale created by a statewide program. Among its many important benefits, the program would:
Give businesses a no-cost retirement benefit for their workers
Keystone Saves would apply to businesses that have five or more employees, do not otherwise offer a retirement plan such as a 401(k), and have been operating in the commonwealth for more than a year. The employer’s only role would be registering for the program and facilitating w ....

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