Allows employers to contribute to ABLE accounts instead of retirement plans.
The ABLE Employment Flexibility Act amends the Internal Revenue Code to allow employers to contribute to Achieving a Better Life Experience (ABLE) accounts for employees in lieu of retirement plan contributions. These contributions are treated as made by the employee and are disregarded for certain means-tested federal programs. The bill also mandates the Secretary of the Treasury to update employer publications to inform employees about the option to contribute to ABLE accounts. This change aims to provide more flexibility for working individuals with disabilities.
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