Registration is Now Open for Delaware EARNS Retirement Benefit Program
Office of the State Treasurer | State Treasurer Colleen C. Davis | Date Posted: Monday, July 1, 2024
Employer participation in Delaware EARNS is required by law for those who do not offer a qualified retirement plan. Beginning today, employer registration opens for the state’s new retirement saving program, Delaware EARNS. All Delaware employers who have five or more W-2 employees and do not offer a qualified retirement plan, such as a 401(k), […]
Safe Harbor for Financial Institutions Serving Legal Cannabis Businesses
Office of the State Treasurer | State Treasurer Colleen C. Davis | Date Posted: Wednesday, June 26, 2024
As Delaware readies for the upcoming launch of the state’s legal adult-use cannabis industry, state lawmakers approved legislation, proposed by State Treasurer Colleen Davis, providing protections for banks and other financial institutions that serve licensed marijuana businesses. Although marijuana remains illegal at the federal level, Delaware has joined many other states in legalizing it for […]
Program to Help Foster Youth Pursue Higher Education Returns
Office of the State Treasurer | State Treasurer Colleen C. Davis | Date Posted: Monday, June 3, 2024
For the third consecutive year, the ASPIRE529 program will again offer financial assistance to youth in or aging out of the foster care system seeking higher education according to State Treasurer Colleen Davis. “The high school graduation rate for youth in foster care in Delaware is just over 50 percent, with less than 5 percent […]
Delawareans Gear Up to Celebrate 529 Day
Office of the State Treasurer | State Treasurer Colleen C. Davis | Date Posted: Friday, May 24, 2024
Investing in tomorrow while honoring the past As the nation wraps up its Memorial Day observances, Delawareans eagerly anticipate another significant celebration just two days later. May 29th marks 529 Day, a time aimed at highlighting the critical importance of saving for higher education through 529 education savings plans. These plans, named after Section 529 […]
First employers sign onto transformative Delaware EARNS retirement benefit
Office of the State Treasurer | State Treasurer Colleen C. Davis | Date Posted: Thursday, May 2, 2024
Small businesses and nonprofits throughout Delaware are poised to be the first to offer their employees access to the new EARNS retirement savings program from the Office of the State Treasurer. Nearly a dozen private-sector employers will participate in a pilot of EARNS this month to help ensure systems are fully ready ahead of the […]
