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Treasury reiterates support for Keystone Saves and reports growth in PA ABLE accounts
Summary
Treasury said it continues to support the Keystone Saves auto‑IRA proposal, described outreach and small‑business interest, and reported PA ABLE has grown to more than $150 million in assets and is the fifth‑largest program nationally.
Treasury told the committee it still supports a voluntary, payroll‑deduction retirement program for private‑sector workers who lack workplace plans and that the state’s ABLE savings program for people with disabilities has seen rapid growth.
"I come from it from a bridal, conservative perspective, and I think our state has a big problem," Treasurer Garrity said of retirement coverage gaps. She urged a…
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