Unearned income is all income that is not earned. It may be received in cash or in kind. The following are types of unearned income:
- (1) Annuities, pensions, and other periodic payments, such as private pensions, social security benefits, disability benefits, veterans' benefits, workers' compensation, railroad retirement annuities, and unemployment insurance benefits;
- (2) Alimony and child support payments;
- (3) Dividends, interest, and royalties;
- (4) Death benefits; and
- (5) Gifts and inheritances.
Source: 40 SDR 102, effective December 3, 2013.
General Authority: SDCL 27B-2-26.
Law Implemented: SDCL 27B-2-26.