Established by the General Assembly in 1994 as Virginia529 to help families save for higher education, the agency’s mission expanded to include disability. Commonwealth Savers Plan empowers Virginians and families nationwide to build a stronger financial future through easy, affordable and flexible savings programs for education, disability and retirement.nd retirement savings programs, prompting a 2024 name change to better reflect its broader impact. Today, Commonwealth Savers combines decades of program expertise with community initiatives to help people save and experience the long-term benefits of financial empowerment.
