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Student Affairs Greeter Tony Muhlenkamp (center), of
Russia, along with Edison State leaders,
provide a campus tour to Ohio
Treasurer Robert Sprague (left).
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STABLE Account and Edison State Help People with Disabilities Save and Invest
Edison State Community College has become the first college in America
to offer STABLE Accounts as a way for faculty and staff to save and
invest their wages for qualified expenses for themselves or a loved one
with a disability.
Ohio’s national Achieving a Better Life Experience (ABLE) account,
known as STABLE Account, exists so that people with disabilities can
increase their financial resources without impacting their public
benefits, like Medicaid and Supplemental Security Income (SSI). This
partnership between Edison State and STABLE Account makes it more
accessible.
A key to the Edison State STABLE Account program is the ability to use
direct salary deposits. This option deducts the STABLE Account
contribution before the final paycheck bottom line. Therefore,
directing money from a paycheck into a STABLE Account prioritizes
savings and makes it simple to grow a STABLE Account for the financial
future of the person with a disability.
Edison State is proud to employ people with disabilities and use this
talent in its everyday mission. Like many other workplaces, Edison
State also employs family members that have a loved one with a
disability. Edison State President, Dr. Doreen Larson, also knows that
to succeed in their mission as a college, faculty, and staff must be
provided with the best workplace resources possible. That is why Dr.
Larson was excited to make Edison State faculty and staff aware of
STABLE Accounts and make it possible for them to utilize these accounts
as a part of their workplace benefits.
Ohio Treasurer of State Robert Sprague met with Dr. Larson on January
31, 2020, and congratulated Edison State on this leading initiative.
STABLE Account staff members have also met with Edison State faculty
and staff to provide information on this available workplace benefit.
As a member of the American Association of Community Colleges, Dr.
Larson is looking forward to sharing what Edison State has done as an
example to be followed by other colleges in America.
“Making resources understood and available on our campuses is one small
action that can be taken and has the potential to change the future of
employees and their families,” stated Dr. Larson. “We are happy that
STABLE Account has been added to what we offer at Edison State.”
To find out more about STABLE Accounts, please visit the website at stableaccount.com.
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