Latest News and Updates

PRESS RELEASE

Treasurer Fitzpatrick Announces Missouri State University to Offer MO ABLE Payroll Deductions

Thursday, October 22, 2020
Treasurer's name


                Springfield, MO – Missouri State Treasurer Scott Fitzpatrick today announced a partnership with Missouri State University and the MO ABLE program. During open enrollment this year, MSU will begin offering payroll deductions for MO ABLE accounts for employees.

 

“I am committed to making MO ABLE more accessible and payroll deductions make it easier for individuals with disabilities and parents of children with disabilities to save for the future,” Treasurer Fitzpatrick said. “As we raise awareness about this valuable program, I am grateful to those who are providing this opportunity for employees. I thank Missouri State University for this commitment and hope other universities across the state will follow their example.”

 

“The ability to contribute to a MO ABLE account by direct deposit will allow our employees to build tax-free savings for disability-related expenses without losing eligibility for federal needs-based benefits,” Joshua Allen, MSU’s associate director of human resources, said. “MO ABLE is another tangible example of MSU’s inclusive benefit philosophy, bolstering our reputation as the employer of choice in southwest Missouri.”

 

Launched in 2017, MO ABLE allows individuals with disabilities and their families to save up to $15,000 per year, tax-free, without losing federal benefits like Medicaid and SSI. For more information about the MO ABLE program and to take an eligibility quiz, visit moable.com.

 

October is National Disability Employment Awareness Month. Throughout the month, Treasurer Fitzpatrick is partnering with Chambers of Commerce across the state to encourage businesses to add payroll deductions for MO ABLE accounts. Today, the Springfield Chamber of Commerce and The Arc of the Ozarks announced they will partner on that effort in southwest Missouri.

 

The Treasurer has also announced partnerships with the Missouri Chamber of Commerce and Industry, the St. Louis Regional Chamber, the Columbia Chamber of Commerce, the St. Joseph Chamber of Commerce, and the O’Fallon Chamber of Commerce.

 

Missouri State joins Truman State University and the University of Central Missouri in adding payroll deductions for MO ABLE accounts to their benefits packages for employees.

 

                MO ABLE currently has 1,713 accounts and over $12 million in assets under management, making it one of the largest ABLE programs in the country.

 

###

 

Follow the Treasurer’s Office on Twitter, Facebook, and Instagram @motreasurer.

 

CONNECT WITH US

Missouri State Treasurer's Twitter Link    Missouri State Treasurer's Facebook Link    Missouri State Treasurer's Instagram Link    Missouri State Treasurer's LinkedIn Link    Missouri State Treasurer's flickr Link