Massachusetts General Laws
Chapter 118 - Aid to Families With Dependent Children
Section 16 - Economic Independence Accounts

Section 16. (a) The department shall develop a savings program that allows recipients of cash assistance under transitional aid to families with dependent children to accumulate assets outside of the asset limit in savings accounts, called economic independence accounts. The economic independence accounts shall be used to help recipients save for the first and last month of rent, a security deposit, costs related to education or training or any other expense that the department determines will aid a recipient in transitioning off of benefits, which may include health care costs or debt reduction. The economic independence accounts shall not be included as a countable asset under 106 CMR 204.120.
(b) For recipients of cash assistance under transitional aid to families with dependent children who elect to participate in the savings program, the department shall require a designated amount of a recipient's cash assistance to be held in an escrow account for the recipient until the recipient is no longer eligible or in need of benefits; provided further, that the department shall allow a recipient to deposit additional funds to the account. While a recipient is receiving benefits, funds in the economic independence account shall only be withdrawn for a department approved purpose. If a recipient, who is currently receiving benefits, uses funds from an economic independence account for any purpose other than a department approved purpose, the department shall reduce the recipient's monthly cash assistance until the cumulative reductions are equal to the amount used for a non-allowable purpose. The department shall promulgate regulations in accordance with this section; provided that the commissioner shall submit any proposed regulations to the joint committee on children, families and persons with disabilities and the house and senate committees on ways and means at least 30 days before their adoption by the department.

Structure Massachusetts General Laws

Massachusetts General Laws

Part I - Administration of the Government

Title XVII - Public Welfare

Chapter 118 - Aid to Families With Dependent Children

Section 1 - Definitions

Section 2 - Aid to Parents With Dependent Children

Section 2b - Application Form; Contents

Section 3 - Duties of Department

Section 3a - Access to Information by Department for Purpose of Locating, Establishing and Enforcing Liability of Persons Obligated to Pay Support

Section 3b - Employment Counseling and Job Training Program

Section 3c - Pathways to Self-Sufficiency Program

Section 4a - Aid to Dependent Children During Absence of Parents or Children From Commonwealth; Reciprocal Agreements

Section 4b - New Chardon Street Shelter; Continued Assistance for Eligible Families; Sliding Scale System of Fees

Section 5 - Reports of Department

Section 9 - Eligibility to Receive Veterans' Benefits; Option; Waiver

Section 10 - Exemption From Trustee Process; Assignment; False Statement or Fraud

Section 11 - Institutions Furnishing Care; Application for Aid; Payment

Section 12 - Temporary Absences From Commonwealth; Presumption of Abandonment of Residency and Eligibility for Assistance

Section 13 - Job Search Requirements for Non-Exempt Adult Applicants for Assistance; Submission of Proof of Initial Job Search and Weekly Reaffirmation

Section 14 - Benefit Period for Individuals Who Are Part of a 2 Parent Assistance Unit

Section 15 - Economic Independence Goals; Demonstration of Good Faith Attempt to Meet Goals as Condition of Additional Benefits or Extension

Section 16 - Economic Independence Accounts

Section 17 - Proof of Income and Assets for Unverified Applicants

Section 18 - Education or Training Activities for Purposes of Meeting Work Requirement

Section 19 - Eligibility of Pregnant Teens to Receive Cash or Other Assistance