R982-403-3. Unearned Income  


Latest version.
  •   (1) Countable unearned income is cash received by an individual for which no service is performed.

      (2) Sources of unearned income include the following:

      (a) Pensions and annuities including Railroad Retirement, Social Security, Supplemental Security Income, Veteran's benefits and Civil Service retirement benefits;

      (b) Disability benefits including Industrial Compensation, sick pay, mortgage insurance and paycheck insurance;

      (c) Unemployment Compensation;

      (d) Strike or union benefits;

      (e) Veteran's benefits;

      (f) Child support and alimony;

      (g) Veteran's Educational Assistance intended for family members;

      (h) Trust payments, withdrawals, and/or dividends received on a regular basis;

      (i) Tribal fund gratuities unless excluded by law.

      (j) Money from sales contracts and mortgages;

      (k) Personal injury settlements;

      (l) Financial payments made by the Department of Workforce Services;

      (m) Income from Rental Property. If the client also manages the property, the income is earned;

      (n) Temporary Assistance to Needy Families (TANF);

      (o) Emergency Work Program (EWP);

      (p) Work allowances;

      (q) Foster Care Payments;

      (r) Severance pay paid out weekly;

      (s) 401K payments;

      (t) Retirement income;

      (u) Payments received or drawn down from assets like a reverse mortgage or withdrawals from accounts;

      (v) Gifts received, or payments made on a client's behalf on a regular basis.