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Similar legal device — Any instrument, device or arrangement which may not be called a trust under state law, but which exhibits the general characteristics of a trust as defined here such as escrow accounts, investment accounts, pension funds, and other similar instruments managed by an individual or entity with fiduciary responsibilities.

Simplified Employee Pension — is a employer created Individual Retirement Account or Individual Retirement Annuity that meets the following requirements:

• all employees must be age 21 and have performed service for the employer during 3 of the last 5 years, receiving a minimum salary in those 3 years;

• contributions may not discriminate in favor of employees who are highly compensated;

• employee withrawals must be permitted; and

• employer contributions are determined under a definite written allocation formula.

Simplified Retirement Account — an Individual Retirement Annuity or either a Traditional or Roth Individual Retirement Account established by an employer for both an employer and employee to make contributions under a qualified salary arrangement. A qualified salary arrangement must:

• set a maximum percentage of compensation that an employee may contribute;

• require that the employer make a matching contribution to the employee’s volunteer contribution that does not exceed a maximum percentage of compensation for the year;

• set vesting requirements; and

• require that an employee only be eligible when they have received a minimum level of salary in the past two years and expect to earn the same level of salary in the current year.

Social security number — The unique and unchanging nine-digit number used by the Social Security Administration throughout the individual’s life.

Standard of need (SON) — The amount of income necessary for recipients to have a reasonable level of living. The Director of the Division establishes the SON for each category of financial assistance and categorically needy medical assistance.