After more than a year of planning, we are excited to be launching our Enable Savings Plan for individuals with disabilities and to be signing up our first account owners. We are proud to be one of the first states in the nation to offer these tax-advantaged savings accounts to enable children and adults with disabilities in Nebraska and across the United States to save and invest their money without jeopardizing benefits they may receive through public programs.
We are committed to this mission. And, together with our program manager, First National Bank of Omaha, we know we can provide an excellent product and reliable service to our well deserving account owners, wherever they may live and whatever circumstances may qualify them for this long-awaited step toward greater independence.
To this undertaking, we bring strong Midwestern values of hard work and honesty and a proven track record of excellence achieved through our Nebraska Educational Savings Trust (NEST), our state-sponsored 529 college savings program. State-sponsored 529 college savings programs take their name from Section 529 of the Internal Revenue Code and served as a model for 529A programs now being created for individuals with disabilities as a result of the federal Achieving a Better Life Experience (ABLE) Act of 2014.
We invite your ideas and suggestions as we manage this new program, one of the first in this office in more than a decade. We promise we will listen. We also promise we will consider the needs of our account owners and their families foremost in all of our discussions and actions. Thank you for giving our Enable Savings Plan a serious look. We look forward to meeting our new account owners and hearing your stories. “I am ABLE,” you are telling us. And, now, so are we. Welcome.
Nebraska State Treasurer