News Release

Hunlock Creek, PA - Treasurer Stacy Garrity and state Sen. Lisa Baker (R-20) visited the Serendipity Therapeutic Riding Center in Hunlock Creek, Luzerne County today to celebrate the PA ABLE Savings Program surpassing $100 million in assets. PA ABLE (Achieving a Better Life Experience) accounts are a tax-free way for Pennsylvanians with disabilities, and their families, to save without affecting eligibility for important benefits.

Sarah Matusick, Serendipity’s founder and executive director, led the tour of the riding center, which provides vocational skills for those with disabilities through building relationships with resident horses.

Lisa Urbanski, founder and president of Brighter Journeys, a local nonprofit that helps families with individuals that have special needs and is inclusive of all disabilities, also joined the celebration. Brighter Journeys provides words of comfort, direction to resources and tangible support, such as grants to participate at Serendipity.

“The services provided by Serendipity are life-changing for their clients, and I was inspired to see the impact of what they do first-hand. Joining Senator Baker, a true champion for people with disabilities, and Brighter Journeys, another organization that does amazing work, was a perfect way to celebrate the incredible success of PA ABLE. I encourage everyone who has a family member or friend with a disability to look into what PA ABLE can do for them.”

Pennsylvania State Treasurer Stacy Garrity

States were authorized to create ABLE programs with the passage of federal ABLE legislation in 2014. PA ABLE was enacted in 2016 with leadership from Senator Baker; the first PA ABLE account was opened the following year. Since then, the program has grown to more than 8,400 accounts with more than $110 million saved.

“Crossing the $100 million investment threshold is testament to the importance the ABLE program has for so many Pennsylvania families. This is a very positive example of the good that can result when officials from both parties come together to develop practical and sensible solutions to the real problems and challenges residents face in our communities every day.”

Senator Lisa Baker (R-20)

“We are humbled and honored to host Senator Baker and Treasurer Garrity at our farm to celebrate the growth and success of PA ABLE.”

Serendipity’s Founder and Executive Director Sarah Matusick

“It’s an honor to join Treasurer Garrity and Senator Baker at Serendipity to celebrate PA ABLE’s $100 million milestone. Brighter Journeys is always excited to help the programs at Serendipity. The smiles on the faces of their clients is proof that our sponsorships through our Grant Program are helping them make strides in their daily lives.”

Founder and President of Brighter Journeys Lisa Urbanski

Treasurer Garrity emphasized the broad, bipartisan support that ABLE has always enjoyed and highlighted the fact that Pennsylvania played a key role in creating it.

“Something we should all be proud of is the fact that ABLE has strong – and very bipartisan roots – right here in Pennsylvania. U.S. Senator Bob Casey, a Democrat, championed the federal ABLE law, which was signed into law in December 2014. And Senator Baker and former Rep. Bernie O’Neill, both Republicans, championed PA ABLE, which was signed into law in April 2016.”

Pennsylvania State Treasurer Stacy Garrity

“For years, millions of people with disabilities in this country were barred from saving for the future, which meant many people couldn’t save for a home, purchase needed assistive technology, or save for an accessible car. That is why I worked to create ABLE, to knock down a barrier that people with disabilities face as they work to improve their lives. Nine years later, the program has become a lifeline for thousands of people with disabilities across the nation, with $100 million saved in Pennsylvania alone. I am grateful to everyone who worked to make this program a reality, and proud of what we’ve accomplished for Pennsylvanians and Americans with disabilities.”

U.S. Senator Bob Casey

The first PA ABLE accounts were opened in April 2017. Since then, Pennsylvanians have contributed $133.7 million to PA ABLE accounts. More than $37.6 million has been withdrawn for disability-related expenses, like groceries, rent, healthcare, transportation, and longer-term expenses including education and assistive technology.

In 2023 alone, PA ABLE account owners contributed $32.5 million, while $11.9 million was withdrawn – and 1,817 Pennsylvanians opened new PA ABLE accounts.

“I commend Treasurer Garrity and Pennsylvania Treasury for hitting the $100 million milestone in ABLE savings. The ABLE program is an important tool to promote financial empowerment and community inclusion for people with disabilities. The growth of this program has a tangible positive impact on peoples’ lives, and Treasurer Garrity’s leadership on this topic in Pennsylvania and nationally is greatly appreciated.”

Chief Executive Officer of the National Association of State Treasurers (NAST) Shaun M. Snyder

PA ABLE offers seven different savings and investment options, including a checking account. PA ABLE account owners can contribute up to $18,000 per year. Contributions can be deducted on PA state income taxes, and PA ABLE account owners pay no federal or state income tax on account growth when used for qualified withdrawals.

PA ABLE is 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 Plan Network, a part of NAST.

Treasurer Garrity was a strong advocate for the federal ABLE Age Adjustment Act, championed by Senator Casey and supported by virtually the entire Pennsylvania congressional delegation, which became law in 2022. Currently, to be eligible to save with an ABLE program, a person’s disability must be onset prior to their 26th birthday. With the new law, starting in 2026, this age restriction will rise to 46 – expanding eligibility to millions more Americans, including one million veterans.

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.

Media contacts:
Samantha Heckel, Press Secretary (Treasury), 717-418-0206 or sheckel@patreasury.gov
Jen Wilson (Senator Baker), 570-675-3931 or jwilson@pasen.gov
Sarah Matusick (Serendipity), 570-561-6743 or serendipitytrc@gmail.com
Lisa Urbanski (Brighter Journeys), 570-814-6606 or lisau@brighterjourneys.net