Supplemental Income Benefit
There are many USCF programs supported by Supplemental Income Benefit (SIB), but a primary focus is providing the opportunity of equitable income for USCF members. Most economically disadvantaged people have a strong desire to work for a better quality of life. Many of these individuals who previously relied on government support have become constrained by America’s welfare programs that keep them poor. It is well established that appreciable income provides the hope necessary to lift people out of poverty and help them become part of the middle-class. More people moving into the middle-class not only improves opportunities for them and their children but helps reduce the overall cost of USCF benefit programs.
The SIB eliminates and incorporates all welfare programs, including but not limited to these main programs:
– Temporary Assistance for Needy Families (TANF)
– Supplemental Nutrition Assistance Programs (SNAP)
– Child School Lunch Program (CSLP)
– Housing Assistance
– Low Income Home Energy Assistance Program (LIHEAP)
– Earned Income Tax Credit (EITC)
All former entitlement programs are absorbed into the USCF to eliminate bureaucracy and increase efficiency. The SIB as part of USCF is designed to simplify and improve a member’s quality of life. Programs utilizing SIB turn a member’s USCF Virtual Currency (VC) into tangible dollars in the form of Supplemental Income Pay (SIP). It then becomes the responsibility of members who receive SIP to ensure that their needs and their family’s needs are properly managed. Members can request assistance from their State Monitoring Service (SMS) to help them set up automatic payments for bills, find childcare services, find a food bank, a better health care program, car insurance, or other interests of need. It is not the goal of the SMS to dictate how members utilize their SIP; however, if Fraud, Waste, or Abuse (FWA) is detected then SMS will take control and may impose constraints.
To be eligible for the Supplemental Income Benefit a family’s combined income or a single member’s income must be less than the U.S. median income which is currently about $63,688. If a member does not have a job, then they must file for supplemental income through the Unemployed Compensation Benefit (UCB). Volunteer work is also an option to receive Supplemental Income Pay via the SIB. Qualifying members will have their SIP matched hour for hour up to a maximum of 40 hour per week and up to 50 hours per week for volunteer work.
Single members without children who meet SIB criteria will receive a Supplemental Income Pay rate of $10.00 per hour, however their combined income and SIP cannot exceed the U.S. median income. Single parents and couples with children are also capped at the median income but their SIP rate is $12.50 per hour. Both parents can use their SIP benefit but there is no additional consideration based on the number of children per family. Children’s benefits are fully covered under the USCF children’s benefit programs.
A Single male works part-time 20-hours per week and earns $9,880 per year. His SIP cap is $10.00 per hour multiplied by 20-hours per week for a total of 52-weeks. $10.00 x 20-hours x 52-weeks = $10,400 SIP + $9,880 income = $20,280 per year.
A single female works part-time 20-hours per week and earns $12,000 per year but she also does volunteer work for 25-hours per week. Her SIP cap is $10.00 per hour times 45-hours total per week for 52-weeks. $10.00 x 45-hours x 52-weeks = $23,400 SIP + $12,000 income = $35,400 per year.
A single parent with 2 children works full-time 40-hours per week and earns $24,000 per year. Their SIP cap is $12.50 per hour times 40-hours per week for 52-weeks. $12.50 x 40-hours x 52-weeks = $26,000 SIP + $24,000 income = $50,000 per year.
The father of a couple with 3 children works 40-hours per week and earns $28,000 per year. The mother does volunteer work for 20-hours per week. Their SIP cap is $12.50 per hour times 40-hours per week for the father and 20-hours per week for the mother for 52-weeks. ($12.50 x 40-hours x 52 weeks) + ($12.50 x 20-hours x 52 weeks) = $26,000 SIP (Father) + $13,000 SIP (Mother) + $28,000 income (Father) = $67,000. Since the couple exceeds the $63,688 median limit by $3,312.00 the couple can expect their State’s SIP manager would reduce their projected monthly SIP payments by $276.00.