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Senate Finance committee reviews amendment to phase out sweeping foster youths’ Social Security payments
Summary
A committee sponsor outlined an amendment to House Bill 661 to phase out the states practice of sweeping foster youths Social Security benefits and instead conserve them in conservatorships (for example ABLE accounts); members raised fiscal, federal-SSI-limit and implementation questions and asked the department for follow-up information.
A sponsor of House Bill 661 explained to the Senate Finance Committee that an amendment in members binders would gradually stop the state from sweeping Social Security benefits from children in foster care and instead require agencies to conserve increasing shares of those benefits for the youths.
"Starting in line 10 is every other biennium in the second year of the biennium slowly increase the amount of money that the agencies are required to conserve," the sponsor said, describing a schedule that begins with conserving 25 percent and increases by 25 percentage points every two years until the funds are no…
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