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PA SR113

Resolution

Status

Introduced

5/30/2025

Primary Sponsor

Lynda Schlegel Culver

Click for details

Origin

Senate

2025-2026 Regular Session

AI Summary

  • Designates May 29, 2025, as "College and Career Savings Day" in Pennsylvania to promote awareness of the PA 529 College and Career Savings Program

  • PA 529 program, established April 3, 1992, offers two savings options: the Guaranteed Savings Plan (grows with tuition inflation) and the Investment Plan (grows based on market performance)

  • PA 529 Investment Plan received Morningstar Gold Rating, ranking among only five 529 plans nationally to achieve this designation

  • More than 314,000 families currently participate in PA 529, with nearly 200,000 in the Investment Plan; Treasury Department fee reductions since 2024 have saved families nearly $1.3 million

  • PA 529 funds can be used for qualified expenses at K-12 schools, colleges, universities, community colleges, technical schools, and apprenticeship programs nationwide

Legislative Description

Designating May 29, 2025, as "College and Career Savings Day" in Pennsylvania.

Last Action

Referred to Rules & Executive Nominations

5/30/2025

Committee Referrals

Rules & Executive Nominations5/30/2025

Full Bill Text

No bill text available