S. 4911 · 118th Congress
ABLE Employment Flexibility Act
- Stage
- In committee
- Sponsor
- Bob Casey
- Introduced
- 2024-07-31
- Latest action
- 2024-07-31 · Introduced in Senate
Summary
ABLE Employment Flexibility Act
This bill permits employers to make tax-exempt contributions to ABLE (Achieving Better Life Experience) accounts in lieu of making contributions to existing tax-exempt defined contribution retirement plans. An ABLE account pays the expenses (e.g., food, education, housing, transportation, employment training and support, and health care expenses) of a designated beneficiary who is disabled.