(1) CPS shall develop and implement a Success Sequence Savings and Disbursement Plan for each child with conserved earned benefits.
(2) Under the plan, a child may access a portion of conserved benefits upon completion of specific milestones that promote independence and financial readiness, including, but not limited to:(a) Obtaining a driver’s license or state identification card;(b) Graduating from high school or receiving a recognized equivalent;(c) Enrolling in a postsecondary education, vocational training, or apprenticeship program;(d) Maintaining verified employment for at least six (6) consecutive months; and(e) Completing a department-approved financial literacy or savings readiness program.
(a) Obtaining a driver’s license or state identification card;
(b) Graduating from high school or receiving a recognized equivalent;
(c) Enrolling in a postsecondary education, vocational training, or apprenticeship program;
(d) Maintaining verified employment for at least six (6) consecutive months; and
(e) Completing a department-approved financial literacy or savings readiness program.
(3) CPS shall determine reasonable disbursement thresholds and amounts for each milestone to promote long-term savings while rewarding progress toward self sufficiency.
(4) The department shall ensure that all youth participating in the program have access to financial literacy instruction and counseling to support effective use of milestone payments and long-term asset building.