Any recurring payment received by a qualified individual, such as an annuity, pension,
retirement or disability benefit, but only if a similar payment was received by the
individual from the same or a related source, during the 12-month period preceding
the month in which the individual files an application for SVB. This benefit income
includes any veterans' compensation payment, worker's compensation, old-age, survivors
or disability insurance benefit, railroad retirement or pension, and unemployment
insurance benefit. These payments are not limited to benefits from U.S. sources, but
also include those from sources in other countries.
Recurring payment means a regular periodic payment; it can also include lump-sum payments
made at the request of the individual or as an administrative convenience or practice
in lieu of more frequent payments.
See VB 00205.100 through VB 00205.130 for a detailed discussion of other benefit income.