OAR 461-150-0070
Prospective Budgeting of Stable Income
(1)
Stable income (see OAR 461-001-0000 (Definitions for Chapter 461)) in prospective budgeting (see OAR 461-001-0000 (Definitions for Chapter 461)) and eligibility (see OAR 461-001-0000 (Definitions for Chapter 461)) is treated so that the monthly amount is used to anticipate the income of the financial group (see OAR 461-110-0530 (Financial Group)). The amount of stable income for each month is determined as follows:(a)
If paid once per month, that amount is used.(b)
If paid twice per month or semi-monthly, that amount is converted to a monthly amount by multiplying it by two.(c)
If paid once every other week or biweekly, that amount is converted to a monthly amount by multiplying it by 2.15.(d)
If paid once per week, that amount is converted to a monthly amount by multiplying it by 4.3.(2)
In the OSIP, OSIPM, and QMB programs:(a)
In the initial month and for any months of retroactive eligibility (see OAR 461-135-0875 (Specific Requirements; Retroactive Eligibility)):(A)
When a new source of stable income begins in the initial month or retroactive months, the amount counted is the actual amount received or the amount expected to be received.(B)
Except as provided for in paragraph (A) of this subsection, stable income is converted and averaged in accordance with section (1) of this rule.(b)
In each ongoing month (see OAR 461-001-0000 (Definitions for Chapter 461)), stable income is converted and averaged in accordance with section (1) of this rule.(3)
In the SNAP program, stable income the client expects to receive less often than monthly is treated as periodic income (see OAR 461-001-0000 (Definitions for Chapter 461)) under OAR 461-140-0110 (Treatment of Periodic Income).
Source:
Rule 461-150-0070 — Prospective Budgeting of Stable Income, https://secure.sos.state.or.us/oard/view.action?ruleNumber=461-150-0070.