Kentucky HB669 establishes a plan for children in care to access conserved federal benefits upon achieving milestones.
Kentucky HB669 mandates the creation of a Success Sequence Savings and Disbursement Plan for children in the care and custody of the cabinet. This plan allows children to access a portion of their conserved federal benefits upon achieving specific milestones that promote independence and financial readiness. The cabinet must determine disbursement thresholds and amounts, and ensure children have access to financial literacy instruction.
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