California Welfare and Institutions Code

§ 11322.5

WIC § 11322.5 Effective Jan 1, 2017Div. 9 · Part 3 · Ch. 2 · Art. 3.2

Statute text

(a)It is the intent of the Legislature to do each of the following:

(1)Maximize the ability of CalWORKs recipients to benefit from the federal or state Earned Income Tax Credit (EITC), including retroactive EITC credits and the Advance EITC, take advantage of the earned-income disregard to increase their CalFresh benefits, and accumulate credit toward future social security income.

(2)Educate and empower all CalWORKs participants who receive the federal or state EITC to save or invest part or all of their credits in instruments such as individual development accounts, 401(k) plans, 403(b) plans, IRAs, 457 plans, Coverdell ESA plans, an account established pursuant to the California Secure Choice Retirement Savings Program (Title 21 (commencing with Section 100000), of the Government Code), restricted accounts pursuant to subdivision (a) of Section 11155.2, or 529 plans, and to take advantage of the federal Assets for Independence program and other matching funds, tools, and training available from public or private sources, in order to build their assets.

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Legislative history

Amended by Stats. 2016, Ch. 190, Sec. 1. (AB 2877) Effective January 1, 2017.