Children’s Savings Account Implementation Recommendations

Resource Overview

In 2019, HB2237 was signed into law, creating a statewide CSA program in Illinois, with a $50 seed deposit provided into a 529 account for every child born or adopted in the state. Expected to launch in 2022, this is a monumental step forward after years of advocacy from community organizations and advocates.

Yet, passing CSA legislation was just the beginning. To really build this into a program that advances equity and helps families unlock opportunity, it will take concerted efforts and investment from partners and funders throughout the state, and ongoing work for the State Treasurer’s Office to ensure that the program is implemented in an equitable and accessible way.

Download the implementation recommendations developed by IABG’s CSA Working Group.

More Related Resources

2019 Children’s Savings Accounts – Legislative Resources

All children should have the opportunity to thrive. A statewide Children’s Savings Account (CSA)...

Read more

Webinar: Secure Choice, a New Retirement Savings Program in Illinois

Secure Choice, an automatic-enrollment program for private sector workers in Illinois, is launching...

Read more

IABG Coalition Connection Materials – June 2018

IABG held its first biannual Coalition Connection meeting in June 2018. These coalition meetings...

Read more