U.S. Senator Eric Schmitt (R-MO) has introduced the ABLE Employment Flexibility Act, a bipartisan bill aimed at expanding savings options for employees with disabilities. The legislation would allow employers to contribute to their employees’ ABLE accounts in a manner similar to 401(k) contributions, without affecting the beneficiaries’ eligibility for federal benefits.
“Individuals with disabilities who work deserve the same access to employment benefits as their peers. This bipartisan legislation provides greater flexibility to employers and allows workers with disabilities to build secure financial futures without jeopardizing the federal benefits they need to live fulfilling and productive lives,” said Senator Schmitt.
Senator Schmitt was joined in introducing this bill by Senators Amy Klobuchar (D-MN), Jerry Moran (R-KS), and Chris Van Hollen (D-MD).
