Ivey elected to national savings plan board

MONTGOMERY — Alabama Treasurer Kay Ivey has been re-elected to the board of directors of a national organization for college savings plan administrators.

Ivey was chosen for a second term on the executive board of the College Savings Plan Network, affiliated with the National Association of State Treasurers. The organization formed to share ideas about best practices and innovations in savings programs.

Ivey said being a member of the board gives her the opportunity to advise elected officials in Washington when they look at possible changes to federal regulations on college savings.

“When they consult, they usually consult from a very small pool and I’m pleased as punch to be part of that,” she said.

Alabama was the third state in the nation to offer a pre-paid college tuition savings plan when the state’s Prepaid Affordable College Tuition program plan began in 1990, she said. The state now offers PACT as one of three options open to state residents savings for college education.

MJ. Ellington

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