EVALUATION OF PENSION AND RETIREMENT PLANS
ISSUE DATE: 03/2026
MFIP, MSA, GA, HSP:
Count the full value of any available pension or other retirement funds unless there is a penalty for early withdrawal. Once the funds become available, deduct any penalties for early withdrawal. See 0015.06 (Availability of Assets), 0017.15.42 (Interest and Dividend Income), 0022.15 (Counting Lump Sums as Income).
SNAP:
Only non-categorically eligible SNAP units ARE subject to an asset test. Categorically eligible SNAP units are NOT subject to an asset test. See 0013.06 (SNAP Categorical Eligibility/Ineligibility) to determine categorical eligibility or ineligibility.
For non-categorically eligible SNAP units, see 0015.84 (Excluded Assets – SNAP) for excluded SNAP assets, including pension plans and retirement accounts.
PREVIOUS REVISIONS
| Date | Notes |
|---|---|
| 06/2025 | removes cross-reference 0017.15.30 (Lump Sum Income) due to the removal of this section. |
| 05/2025 | in SNAP, adds that non-categorically eligible SNAP cases are subject to an asset test. |
| 05/2016 | updates section due to Legislative changes for Program Uniformity/Assets. |
| 12/2014 | Reissuance of section due to incorporation of MFIP into the CM. Deletes AFDC and FGA. |
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