Rhode Island H7051 mandates the Department of Children, Youth and Families (DCYF) to establish segregated savings accounts for foster care children.

Rhode Island H7051 requires DCYF to create segregated savings accounts for foster care children receiving Social Security, SSI, veterans, or railroad retirement benefits. These accounts would be exempt from asset limits to manage the accounts and maintain the child's eligibility for future benefits. The bill outlines specific percentages of benefits to be conserved based on the child's age, from 40% at age 14 to 100% at age 20.

Rhode Island H7051 mandates the Department of Children, Youth and Families (DCYF) to establish segregated savings accounts for foster care children.

Rhode Island H7051 requires DCYF to create segregated savings accounts for foster care children receiving Social Security, SSI, veterans, or railroad retirement benefits. These accounts would be exempt from asset limits to manage the accounts and maintain the child's eligibility for future benefits. The bill outlines specific percentages of benefits to be conserved based on the child's age, from 40% at age 14 to 100% at age 20.