PRESS RELEASE
Treasurer Fitzpatrick Announces City of Jefferson City Offering MO ABLE Payroll Deductions for Employees
Jefferson City, MO –Missouri
State Treasurer Scott Fitzpatrick today announced the City of Jefferson City is
offering payroll deductions for MO ABLE accounts to its employees. They join
the City of Kansas City as local governments supporting opportunity and
inclusion for Missourians with disabilities and their families. “As a parent and as Treasurer, I
am committed to increasing inclusion and opportunity for individuals with
disabilities. Payroll deductions for MO ABLE accounts help do this for employees
with disabilities and parents of children with disabilities,” Treasurer
Fitzpatrick said. “As we continue to raise awareness about this valuable
program and how it helps make it easier for individuals with disabilities to
save for the future, I am grateful to those who are providing this opportunity
for employees. I thank Mayor Tergin and Councilman Hensley for their leadership
on this and I hope other municipal and county governments across the state will
follow their example.” “I am pleased to work with Treasurer
Fitzpatrick and our HR team in Jefferson City to collaborate on helping our city
employees save for the future using MO ABLE,” Jefferson City Mayor Carrie
Tergin said. “This is a simple thing we can do as an employer, but the support
it provides our employees who can benefit from this program is meaningful.” “I am grateful to the Treasurer
and Mayor Tergin for their leadership on this,” Jefferson City Councilman Jon
Hensley said. “MO ABLE is a program that has the potential to change the lives
of Missourians with disabilities. This is a powerful way to support those
individuals and their families.” Today’s announcement is a reflection
of Treasurer’s Fitzpatrick’s effort to increase inclusion and opportunity for
employees with disabilities by encouraging employers across the state to add
payroll deductions for MO ABLE accounts. The City of Jefferson City joins the
City of Kansas City and employers across the state including CoxHealth,
Truman
State University, the
University of Central Missouri, Missouri
State University, and Central
Bank in adding payroll deductions for MO ABLE accounts to their benefits
packages for employees. 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.
MO ABLE currently has 2,367 accounts and over $18 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.
