|
|
|
|
|
SSAct section 1061W provides that a person is qualified to receive a VIM incentive payment if he or she remains subject to VIM for a qualifying period of 26 consecutive weeks. A sum of $250 is payable to the person on completion of each consecutive 26 week period. A person cannot accrue more than one qualifying period at a time.
The VIM incentive payment is not subject to tax.
Act reference: SSAct section 1061W Qualification for a voluntary income management incentive payment
Policy reference: SS Guide 11.7.9 VIM Incentive Payment
_______________________________________________________
Last reviewed: 2 August 2010
