Japanese Families Learn of an Exciting New Opportunity to Save for their Children’s Future under the New ABLE Act
The exciting new federal law titled the Stephen Beck Jr., Achieving a Better Life Experience Act of 2014 (“ABLE Act”), is well on its way to being implemented in California in the next few months. For far too long, persons with disabilities have been unable to accumulate savings for much-needed expenses without jeopardizing eligibility for public benefits. This disadvantage will soon change with the implementation of the ABLE Act. On Saturday, May 14, 2016, a group of 14 regional center Japanese families and consumers gathered in the Boyle Heights area of Los Angeles at the Rissho Kosei Kai Buddhist Church to learn more about this new law and how it could help regional center consumers save for their future and their disability-related expenses. OCRA used professional services from a Japanese-speaking interpreter to provide a training on this important piece of legislation. They explained the ABLE Act and how SSI beneficiaries and their family members can use this new financial planning tool to have a better future with some savings in the bank that will not affect their SSI eligibility. So far this summer, the state of Ohio has been first in the nation to begin implementation of the ABLE Act, but California is likely to follow soon. OCRA looks forward to conducting additional trainings in other languages on the ABLE Act to help consumers and their families understand this important new legislation.