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  • Bennett, Frerichs join advocates for awareness of financial independence for people living with disabilities (AUDIO)

    bennett frerichs092815CHAMPAIGN- Illinois families worried about the financial security of loved ones living with disabilities will soon have another resource to promote their independence.  

    State Senator Scott Bennett (D-Champaign) and Treasurer Michael Frerichs joined area advocates to raise awareness of a new law that will create a tax-exempt plan to help individuals and families save money to cover expenses for people living with disabilities. Senate Bill 1383 creates the Illinois Achieving a Better Life Expectancy Act (ABLE Act), which creates accounts similar to tax-advantaged college saving plans where income earned in the account is not taxable.