Congress' proposed revision of the Internal Revenue Code could have a significant impact on the retirement options available to educators. Some retirement and tax shelter plans are reviewed including: Individual Retirement Accounts, Keogh plans, Section 403(b) of the Code, and retirement and estate planning. (MLW)

The Subcommittee conducted an oversight hearing on Section 529 College Savings Plans, State-sponsored investments that are designed to encourage families to save money for their children's college education. Section 529 refers to the Internal Revenue Code section that authorizes and confers special tax treatment on these entities. Section 529…

This report responds to the 1992 Virginia General Assembly's request of the State Council of Higher Education to "study the efficacy and appropriateness of establishing a prepaid tuition trust program within the Commonwealth's system of higher education." They asked that the study include, at least, an examination of programs in other…