News Releases - April 2017

PA Treasurer Joe Torsella Sets New Low-Cost “Passive” Investment Strategy

Harrisburg, PA – In a move that follows through on his promise to fight for taxpayers by protecting their money, PA Treasurer Joe Torsella announced today that he will transition all of Treasury’s $2.4 billion public equity investment holdings to a passive investment strategy, saving an estimated $5 million per year in fees (approximately $195 million in total savings when compounded over twenty years.)

PA Treasurer Joe Torsella, US Senator Casey Announce Opening of ABLE Accounts to Help Individuals with Eligible Disabilities Save for Future Expenses

Harrisburg, PA – PA Treasurer Joe Torsella today announced the opening of the Pennsylvania Achieving a Better Life Experience Act (ABLE) Savings Program that provides tax-exempt accounts for individuals with qualified disabilities and their families, during an event at the state Capitol with more than 200 disability advocates, their families, state lawmakers and US Senator Bob Casey, sponsor of the federal legislation.