TIPS Program Successful in Attracting Non-Traditional Savers
(August 26, 2015)
TNStars® 529 College Savings Program is pleased to announce the success of the first qualifying period for Tennessee Investments Preparing Scholars Program (TIPS). Introduced in September 2014, TIPS provides a 4-to-1 matching contribution for middle to lower income families who have set aside money in their child’s college savings account. TIPS applicants had from October through June 30, 2015 to open a new account and to save for the match. During the initial nine-month qualifying period, new TNStars® accounts were opened for 163 Tennessee children from families with an average household income of $33,196.14 per year thanks to the TIPS program. . more
Treasury Department ’s Unclaimed Property Division Reunites Tennesseans with Their Lost Money
(August 26, 2015)
Millions of citizens’ missing dollars are turned over annually to the State of Tennessee, and the Tennessee Treasury Department wants to get that money back where it belongs. Unclaimed property is money that has been turned over to the State by businesses and organizations who cannot locate the rightful owners. The types of unclaimed funds that may be held include stocks, bonds, gift certificates,
checks, unclaimed wages, refunds from utility or other companies, life insurance annuities that could not reach the beneficiary, and more. In Tennessee, the Unclaimed Property Division does not include land or physical items. . more
(May 29, 2015)
Retired teachers and state employees who have been on the TCRS retired payroll for at least 12 consecutive months as of July 1, 2015 will receive a 1.0% cost-of-living adjustment.
Retirees of local governments that have authorized COLAs will receive the same increase.
TNStars™ Offers Statewide Family Fun for 529 Day at a Ballpark Near You
The TNStars College Savings 529 Program invites you to “Be a Star” at a ballpark near you on 529 day. May 29 has been nationally recognized as “529 College Savings Day”, a way to raise awareness of the importance of saving early for a child’s future college expenses while they are still young. Across the country there will be fun events for the whole family, and here in Tennessee, TNStars™ hopes you will take your child to the ballpark. . more
Governor Signs ABLE Legislation to Help Families and Individuals with Disabilities Save with Tax-free Earnings