Ambassador (Ret.) Joseph M. Torsella was sworn in as Treasurer of the Commonwealth of Pennsylvania on January 17, 2017. From Philadelphia’s City Hall to the National Constitution Center to the halls of the United Nations, his work is a reflection of his public service and leadership, which has earned him a reputation as a voice of purpose, honor and vision.
He administers the Unclaimed Property program annually, manages the state’s 529 College Savings Program and safeguards the financial health of the state. The Pennsylvania treasurer or his designee serves on approximately 20 boards on Treasury’s behalf and chairs the Board of Finance Revenue.
Raised in Berwick, Pa., Torsella is a graduate of Wyoming Seminary preparatory school and an honors graduate of the University of Pennsylvania, Phi Beta Kappa, with a degree in economics and history. He studied American History at New College, Oxford, as a Rhodes Scholar. He lives in Flourtown with his wife Carolyn, and they are proud parents to four children.
Better to Save than Borrow
The key to college saving is to start small and start now. Nothing helps your savings grow like time. And your money can grow even faster in a tax-advantaged 529 plan. Take advantage of the Pennsylvania 529 College Savings Program now. The sooner you start, the easier it is!