BENEFITS SR 94-04, 04/94 (FSM-A)

Recurring income from sources such as:

• annuities (an amount payable yearly),

• disability or sickness payments,

• fraternal benefits,

• insurance payments,

• pensions,

• retirement plans,

• trusts (a property interest held by one person for the benefit of another),

• unemployment compensation,

• worker’s compensation (insurance payments received for an on-the-job injury).

For benefit income that is not recurring, but is a lump sum settlement, see Lump Sum Income. See also SSA , SSI, and VA Benefits.

Treatment: Unearned Income

Exception:

Benefits specifically designated as payment for hospitalization or medical services are excluded income.