Chapter 5 – Adult Custody and Security Operations

53140.15.3 Inmate Savings Accounts

• Inmate-employee savings accounts are restricted and under the control of the JVPU. Each inmate-employee’s savings, plus the interest accrued on that savings, shall be provided to the inmate upon his/her release. Inmate-employee savings accounts are intended solely for the deposit of wages earned from employment with the JVE.

• Wardens may authorize an early withdrawal of up to fifty percent of the balance of an inmate-employee’s savings in cases where the inmate-employee is sentenced to 15 years or more and he/she has accrued $6,500 or more from Joint Venture wages in their account (See Title 15, Section 3485(i)(3)). Examples of reasons for early withdrawal would include personal or family obligations of an urgent nature. JVPJoint Venture Program Coordinators should contact the JVPU for instructions on the procedure for this early withdrawal.

• Inmate-employees who terminate from JVPJoint Venture Program with a savings account balance of $500 or less may voluntarily elect to close their account and have the balance forwarded to their institutional trust account in order to avoid account fees. JVPJoint Venture Program Coordinators should contact the JVPU for instructions on the procedures for this provision.