If you are 28 years old, college educated, been working in finance for 3-4 years and if for some reason you got laid off should you immediately apply for unemployment? The underlying assumption is that your family can't help you out but you have at least 6 months of savings in the bank. Also you intend to try hard to start looking for a job the day you get laid off. Thanks.
2006-10-09 08:40:56 · 16 answers · asked by Kenny 1 in Business & Finance ➔ Careers & Employment
Yes, unemployment insurance is usually paid for by the company you worked for. In this situation you shouldnt deplete any funds of your own or family due to a layoff from your company.
2006-10-09 08:44:18 · answer #1 · answered by jerod_gavel 3 · 0⤊ 0⤋
ABSOLUTELY. Just because you have money in the bank doesn't mean that you can't collect unemployment. The only reason they would delay paying benefits is if you have money coming from the company by way of back wages, vacation pay, etc. Then they will begin paying after that. You worked hard and through no fault of your own, got laid off. You are entitled to the unemployment benefits. That's what companies have to pay unemployment taxes for.
2006-10-09 08:45:58 · answer #2 · answered by phoenixheat 6 · 0⤊ 0⤋
My vote is yes, apply immediately for unemployment. In Texas the max you can draw is $350 a week. It is very paltry cosidering what you were probably making. It will make your saving last longer. And if you wait 6 months to apply they do not give you the back wages you could have drawn. So draw what you can while you can. I lost one job last year and it took 5 months to get a job then they eliminated that position (2 jobs in a row can you nelieve that) and this time it only took a month. SO the narket (at kleast here in texas) is good for looking righ now.
2006-10-09 08:51:04 · answer #3 · answered by Liz 3 · 0⤊ 0⤋
Go ahead and cover yourself and sign up for unemployment That is what it is there for! If you end up getting a job right away you just call them back and tell them you don't need the benefits. Don't think about using your savings to live on - been there, done that - it goes in a hurry! Bottom line is - if you have been paying taxes and paying into this system for 3-4 years you have every right to take advantage of this benefit. Don't feel bad about it at all! We all need temporary help at one time or another.
2006-10-09 08:52:16 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If you are laid off, and you get severance pay, you can not start collecting unemployment benefits, until the severence pay period is over. For example, if you get 6 weeks of severance pay, you will not qualify for unemployment benefits for 6 weeks, but apply right away anyways, so that as soon as you are eligible, the benefits will start.
2006-10-09 08:47:10 · answer #5 · answered by frillylilfilly 3 · 0⤊ 0⤋
Yes the more income you have coming in the softer the blow to your savings. Besides you earned those benefits by being a tax paying worker. It is your tax money that pays unemployment.
2006-10-09 08:50:41 · answer #6 · answered by my_iq_135 5 · 0⤊ 0⤋
Yes, all the time. The sooner the better. Unemployment Insurance is money that you have put in, so don't feel bad to file for it when you need it.
2006-10-09 08:43:11 · answer #7 · answered by hpneil 4 · 0⤊ 0⤋
Yes, apply for it based on your scenario. You've paid into it, and it's intended for this ideal situation. With your credentials, it doesn't seem that you'll be collecting it for too long. Good luck!
2006-10-09 08:51:07 · answer #8 · answered by Manatee 5 · 0⤊ 0⤋
yes collect as long as you can milk the system, thats what is there for, the reason you got laid of is because you had to ask a question like this
2006-10-09 08:44:08 · answer #9 · answered by manfromblueriver 3 · 0⤊ 1⤋
yes it is your right and you have paid into the system all them yrs you have worked through taxes and it sure isnt your fault you got laid off.
2006-10-09 08:43:30 · answer #10 · answered by magic 2 · 0⤊ 0⤋