C Irrevocably and Periodically Assigned Income Example

Program Manual Section ALTCS only MA604.B

The customer is an ALTCS customer. She irrevocably assigns her pension payments for January and February of this year to her adult child.

Since only two months of the pension payments were assigned, the payments are considered constructively received for ALTCS. The payments for January and February are counted as income for the customer just as if she had actually received them.