Oregon Treasurer Tobias Read apologized Friday to Oregon College Savings Plan participants for the account access and customer service problems they’ve encountered since the program transitioned to a new program administrator four months ago. “We fell short on a number of the customer service standards you deserve and have come to expect,” Read said in an email that also was signed by Michal Parker, the plan’s executive director. “We apologize, and we want you to know that we are working around the clock to immediately put in place solutions to the issues we have identified.”Some 65,000 account holders have $1.8 billion invested in the program, which offers tax-free growth on education savings and tax deductibility of contributions at the state level. The Oregon Treasury switched to a new program administrator in September in an effort to provide a more secure plan with lower cost investments, an improved website and other enhancements.The transition … [Read more...] about Oregon Treasurer Tobias Read apologizes for College Savings Plan transition problems
Oregon college savings plan
Four months after the Oregon College Savings Plan switched plan administrators and promised snazzy, new service upgrades to its 109,000 accounts, the plan’s website still lacks some basic information and functionality, and some users claim the administrator is dropping the ball in processing transactions.Doug Boe, a Lake Oswego resident, says it took more than a month to process a deposit he made to his daughter’s college savings account in November. He says he spent seven hours last month – much of it on hold – trying to clear the funds and make a tuition payment for her study abroad program next semester. He said he ultimately received a check in the mail on Dec. 29, after specifically requesting an electronic funds transfer to expedite the process. By the time he made the tuition payment, it was two weeks overdue. He calls the episode as “The Nightmare of Sumday” – a cheeky reference to the Bank of New York/Mellon subsidiary that is now … [Read more...] about Oregon College Savings Plan transition still rocky for some
Sandy resident Joseph Lowe recently landed his first job. That may not seem out of the ordinary, except that he's 42. Lowe has arthrogryposis, a condition that limits movement in his joints, and he uses a motorized wheelchair to get around. As a person with a disability, he was forced to remain in poverty most of his life to qualify for benefits he needs to survive, particularly Medicaid health coverage. Those benefits are only available to those with limited assets. That prohibits people from accumulating property, vehicles and more than a limited amount of money. If someone receiving benefits were to go over the limit, they would be disqualified. It could take months or even years to requalify for benefits. That limit has prevented Lowe from getting married, he said, because his spouse's income would count against him. It prevented him from saving up to buy a house. It prevented him from establishing an emergency fund. It prevented him from saving anything at all. But Oregonians with … [Read more...] about Savings plan helps Oregonians with disabilities save money and keep benefits
Photo: Mike Groll Image 1of/1 CaptionClose Image 1 of 1 March 30, 2018 - Albany - Governor Andrew M. Cuomo discusses the Fiscal Year 2019 State Budget in the Red Room at the State Capitol. (Mike Groll/Office of Governor Andrew M. Cuomo) March 30, 2018 - Albany - Governor Andrew M. Cuomo discusses the Fiscal Year 2019 State Budget in the Red Room at the State Capitol. (Mike Groll/Office of Governor Andrew M. Cuomo) Photo: Mike Groll New York to launch retirement plan for private sector 1 / 1 Back to Gallery ALBANY – New York is on the verge of launching its first state-facilitated retirement plan for private sector employees joining a growing number of states that have created similar programs since 2015. Modeled after the state's 529 college savings program, Secure Choice would make it cheap and easy for small businesses to connect their employees with Roth individual … [Read more...] about New York to launch retirement plan for private sector
By Heide Janssen | Orange County RegisterPUBLISHED: June 15, 2017 at 9:34 am | UPDATED: June 15, 2017 at 3:09 pm We asked graduating high school seniors to share with us their post-graduation plans for the fall. We heard from 209 theater students. Some plan to go to work and some are taking a gap year, but most are off to college, to study everything from acting to international studies to aeronautics. We’ve listed them by the school they will attend, including their major and minor fields of study, statements about how the arts have influenced their plans, and their reason for choosing the institute they’ll be headed to. $ = scholarship received Sophie Martin, Laguna Hills American University: musical theater major; Spanish language, minor (Photo courtesy of Sophie Martin)Rhianna McConnell, El Dorado Whittier College: sociology, undeclared major (Photo courtesy of Rhianna McConnell)Yasmeen Anand, OCSA USC: theater, and philosophy, politics, and law major; musical theater, … [Read more...] about Where are 2017 Orange County theater students going to college?