Treasurer Garrity Announces New Savings Partnership Pennsylvania Treasurer Stacy Garrity today announced a new partnership between the Pennsylvania Treasury Department and Gift of College that provides family and friends the ability to purchase gift cards for loved ones in their life to support their savings through the PA 529 College and Career Savings Program and the PA ABLE Savings Program. “I’m excited to expand the ways families can save and encourage others to take part in their savings journey through the Gift of College program,” Treasurer Garrity said. “Providing the option for digital gift card purchases for contributions to PA 529 and PA ABLE is a new, simple and fun way to give the gift of education and more to Pennsylvanians this holiday season.” “We are thrilled that gift cards for PA 529 and PA ABLE accounts are now available throughout the great Commonwealth of Pennsylvania,” adds Wayne Weber, Gift of College, CEO. “Every gift given is a contribution toward a brighter future.” Gift of College provides an easy way to give meaningful monetary gifts to loved ones at any time. Gift of College gift cards can be redeemed directly into PA 529 and PA ABLE accounts and are now available for purchase online at pa529.com/gift and paable.gov/gift. The PA 529 College and Career Savings Program allows families to steadily and strategically save in a tax-advantaged way for qualifying educational expenses no matter what career path a child may take. Saving with PA 529 does not impact a student’s eligibility for PA state financial aid. Families can choose from the PA 529 Guaranteed Savings Plan (GSP) or Morningstar Gold-Rated PA 529 Investment Plan (IP). The PA 529 IP recently earned its third consecutive Gold Rating from Morningstar, maintaining the program’s status as a top-five 529 plan in the country. PA ABLE Savings Program accounts provide a tax-advantaged way to save for qualified disability expenses without impacting important benefits. No federal or state income tax is paid on PA ABLE account growth or withdrawals when used for qualified expenses.Starting in January 2026, PA ABLE eligibility is expanding so eligible individuals of any age can open a PA ABLE account if their disability occurred before age 46. In addition to Gift of College gift cards, PA 529 and PA ABLE account owners can continue to share their unique Ugift codes with loved ones who wish to help them save in their accounts.To learn more about Gift of College and Ugift contributions for PA 529 and PA ABLE, visit pa529.com/gift and paable.gov/gift.
Treasurer Garrity & Special Olympics PA Announce Expanded Partnership Treasurer Stacy Garrity announced an expanded partnership today between Pennsylvania Treasury’s PA Achieving a Better Life Experience Savings Program (PA ABLE) and Special Olympics Pennsylvania (SOPA) at Villanova University during SOPA’s Fall Festival. “With this new partnership, we are able to provide additional resource availability and better awareness of the real financial opportunities available for Pennsylvanians living with disabilities through PA ABLE,” Treasurer Garrity said. “We want to reach as many Pennsylvanians with disabilities and their families as possible, so they know about PA ABLE and have access to the tools and opportunities necessary to achieve success and independence.” SOPA provides year-round sports training and athletic competitions in a variety of Olympic-type sports for children and adults with intellectual disabilities. More than 1,700 athletes, coaches, and Unified Partners will compete in events like powerlifting, bocce, soccer, volleyball, flag football, and long-distance running/walking. “We believe in partnerships that go beyond the playing field. Our collaboration with PA ABLE reflects a shared commitment to empowering athletes and their families to build brighter, more secure futures,” said Matt Aaron, President & CEO of SOPA. “Together, we’re helping our community not only compete and achieve in sports but thrive in life.” Through this expanded partnership, Treasury and SOPA will work together on outreach and education efforts, ensuring more individuals and families across Pennsylvania learn about the benefits of a PA ABLE account. This partnership will grant Treasury access to SOPA events across the state and allow for PA ABLE branding at SOPA events. PA ABLE accounts allow Pennsylvanians with disabilities to save tax-free for expenses like housing, education, assistive technology, everyday needs and more – without impacting important benefits. Currently, to be eligible to save with an ABLE program, a person’s disability must be onset prior to their 26th birthday. Starting in Jan. 2026, ABLE eligibility will expand to include those whose disability is onset prior to age 46, which would include millions more Americans, including one million Veterans. “I encourage anyone with a disability or who has a family member or friend with a disability to learn more about what PA ABLE can do for them,” said Treasurer Garrity. Since taking office, Treasurer Garrity has reduced PA ABLE account fees six times for PA ABLE account owners. PA ABLE is the fifth largest ABLE program in the country. To learn more about program eligibility and how to start saving with PA ABLE, visit paable.gov, email info@paable.gov or call 855-529-2253.
Treasurer Garrity Announces Fee Reduction for PA ABLE Pennsylvania Treasurer Stacy Garrity today announced that a new fee reduction for PA ABLE (Achieving a Better Life Experience) account owners went into effect on Sept. 1, 2025 — the sixth PA ABLE fee reduction since she took office in 2021. “Every dollar counts for Pennsylvanians with disabilities, and this latest fee cut is another step in making sure PA ABLE account owners are saving as much as possible,” Treasurer Garrity said. “PA ABLE is a tremendous program that helps our friends and neighbors with disabilities live more independently and build financial stability.” This latest fee cut is the result of the National ABLE Alliance (NAA) surpassing $700 million in assets. PA ABLE is the largest member plan in the NAA with total assets of more than $175 million. The reduction of two basis points lowers program management fee ranges from 0.30%-0.36% to 0.28%-0.34%. This reduction results in about $35,000 in savings across the PA ABLE program. PA ABLE offers tax-advantaged savings options for people with disabilities. Saving with PA ABLE does not impact eligibility for important benefits such as Supplemental Security Income and Medical Assistance. PA ABLE allows contributions of up to $19,000 annually. With ABLE to Work this limit may be higher for employed individuals who do not contribute to an employer-sponsored retirement plan. Funds saved with PA ABLE are easily accessible and can be used for a wide range of disability-related expenses, from day-to-day things like groceries and rent, to bigger expenses like assistive technology, vehicle adaptations and more. No federal or state income tax is paid on PA ABLE account growth or withdrawals when used for qualified expenses. Currently to save with PA ABLE, a person’s disability must be onset prior to the age of 26. Starting in 2026, this age rises to 46, expanding to include millions more Americans, including one million Veterans.
Treasurer Stacy Garrity Announces PA ABLE Website Treasurer Stacy Garrity today announced the launch of the redesigned PA ABLE Savings Program website, paable.gov. The new website makes it easier for individuals to learn about the many benefits of PA ABLE, open a new account, and access their existing PA ABLE account. “With the launch of our new PA ABLE website, we’re making it easier than ever for people to learn about, and access, this amazing program,” Garrity said. “Making sure every Pennsylvanian with a disability knows about PA ABLE is the first step to helping them live more independently. Revamping our resources to make them as accessible as possible is just one way we’re helping more Pennsylvanians save for a secure future.” The new paable.gov was built from the ground up. It streamlines navigation and content, integrates frequently asked questions within relevant pages, and includes changes that make it easier and more convenient for account owners and prospective account owners to find the information they need about PA ABLE. It also gives users the ability to easily translate every page on the new site to Spanish. This feature is powered by Google Translate. More than 9,000 PA ABLE accounts are open with over $120 million in assets. PA ABLE gives individuals with qualifying disabilities a tax-free way to save and invest without impacting important benefits. All federal benefits are protected, including Medical Assistance (Medicaid) and, with some limitations, Supplemental Security Income (SSI) benefits, as are many Pennsylvania state benefits. As savings earn interest or returns over time, neither federal nor Pennsylvania income tax is owed – and, when a withdrawal including that growth is taken, no income tax is owed as long as the withdrawal is used to pay for qualified disability expenses. PA ABLE offers seven different investment options, including an interest-bearing checking account. Account owners, along with family members and friends, can contribute up to $18,000 per year to a PA ABLE account. Contributions can be deducted on Pennsylvania state income taxes. Currently, to be eligible to save with PA ABLE, a person’s disability must onset prior to their 26th birthday – but the age limit will increase to 46 starting on Jan. 1, 2026. This is thanks to the ABLE Age Adjustment Act, which will expand ABLE eligibility to millions more Americans including one million Veterans. PA ABLE is one of the largest ABLE programs in the country and the largest program in the 19-member National ABLE Alliance, accounting for more than 25% of total Alliance assets. Since taking office, Treasurer Garrity has reduced fees three times for PA ABLE account owners. She is the inaugural chair of the National ABLE Savings Plans Network, a part of the National Association of State Treasurers dedicated to growing awareness, engagement and growth of ABLE Plans nationally. To learn more, visit paable.gov or call (855) 529-2253.
