A multi-million greenback assured earnings pilot program is making ready for launch after a US state’s government and legislative branches gave the inexperienced mild.
The brand new initiative is designed to assist residents residing within the low-income bracket in California.
This system, tentatively often known as “Assured Earnings Older Adults,” will goal people who’re 60 years of age or older residing within the state, and who’re both eligible for or receiving a means-tested advantage of some variety from the federal government.
The California Division of Social Providers (CDSS) says the full funding for the pilot program, which is catered for in California’s funds for the 2024/2025 fiscal 12 months, will likely be $4.75 million.
Amid plans to roll out the assured earnings pilot program, the CDSS says it held group listening periods final 12 months.
A number of the suggestions acquired embody setting a minimal cost of $500 monthly for at the very least half a 12 months.
The CDSS says the minimal variety of members advisable for the pilot program was 200. A advice was additionally made to present the members liberty to resolve whether or not they need recurring funds, in a lump sum or a mixture of each.
Forward of the rollout of the Assured Earnings Older Adults pilot program, the CDSS is now in search of a public or non-public nonprofit group to run the undertaking for 3 and a half years.
These functions should be submitted by April ninth and the chosen utility will likely be introduced on June twenty fifth.
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