Senate approves pension protection measure

08/7/2006 | InvestmentNews (free registration)

The Senate has passed legislation to permanently exempt contributions for 529 college savings plans, extending indefinitely the plan's 2010 sunset. "This eliminates a major source of confusion for families saving for college," said Jacqueline Williams, Columbus-based executive director of the Ohio Tuition Trust Authority and chair of the Lexington, Ky.-based College Savings Plans Network.

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