Please see the
“Basic Definition” section for types of personal property included in
evaluating property.
In counting
resources of assistance units AUs with IRAs or accessible Keogh plans, the
Human Services Specialist (HSS) will include the total cash value of the
account or plan minus the amount of the penalty (if any) that would be
exacted for the early withdrawal of the entire amount in the account or plan.
A non-recurring
lump sum payment includes:
·
Retroactive
lump sum social security;
·
Railroad
retirement benefits;
·
Retroactive
payments from the approval of an application for any assistance program;
·
Court
ordered retroactive payments for any assistance program;
·
Supplemental
or corrective payments received for a previous month from any assistance
program;
·
Lump
sum insurance settlements; and
·
Refunds
of security deposits on rental property or utilities.
These payments
shall be counted as resources in the month received unless specifically
excluded from consideration as a resource by other federal law.
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