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Procedures 353 : Children's Accounts

• 353.1 Purpose
• == 353.2 Definitions
• 353.3 Establishment of Accounts
• 353.4 Restricted and Dedicated Accounts
• 353.5 Disbursements from Accounts
• 353.6 Account Termination
• 353.7 Payment of Benefits to Parents or Relatives (Repealed)
• 353.8 Funeral and Burial Expenses
• 353.9 Safekeeping and Investment of Funds

353.1 Purpose

The Children's Accounts Unit, Central Office in Springfield, establishes and manages the accounts of children for whom the Department is legally responsible and who are entitled to receive social security benefits or a monetary settlement. The purpose of these procedures is to explain how the Department shall manage the accounts established with monies received by the Department on behalf of these children.