I live in Virginia. My employer is downsizing and 8-31 will be my last day. I am getting severance pay but I was wondering will it affect my unemployment? Someone told me that if I wait to file for unemployment a full week after I get the severance pay that it will not affect it, is this true?
2007-08-15 09:23:07 · 8 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Also, My severance pay will be one big check, not payments.
2007-08-15 09:30:37 · update #1
I believe that getting severance pay will delay the unemployment until however many weeks pay that the severance pay is for has expired (example, you get paid $1,000 per week normally, and get $5,000 in severance pay, you'd have to wait 5 weeks to collect).
2007-08-15 09:33:01 · answer #1 · answered by Anonymous · 1⤊ 1⤋
Severance pay is considered part of you pay package, same as if you received a bonus a week before they laid you off. Your job ended 8/31 and at that point are no longer hired and are eligible from that point. Most States have a waiting week but that is it. What you earned prior and that includes severance pay is not viewed as future wages There will be no deduction
2007-08-15 09:37:54 · answer #2 · answered by Pengy 7 · 0⤊ 0⤋
I used to work in the Job Service office, but I'm not sure that the rules are still the same. It used to be that you were still eligible for unemployment insurance, but you probably wouldn't be able to draw any (get checks) until after your severance pay period ran out. For instance, if they gave you six months severance pay, you wouldn't be eligible until six months. But, to be sure, go down and file . . . or I think you can file on-line.
2007-08-15 09:32:17 · answer #3 · answered by imstillsandy 4 · 0⤊ 0⤋
most states have a waiting week anyway, but file the first day after you're laid off - if severance pay is coming in one lump sum, they will ask what that total is, and will porobably look at it as one more weeks "pay" so you would be delayed one week before benefits start - that's my guess - I'm in Penna - each state is a little different I imagine
2007-08-15 09:29:59 · answer #4 · answered by Anonymous · 0⤊ 0⤋
in case you have been receiving the severance equipment as a lump sum, it could cut returned the EI advantages interior the 1st 3 weeks, as could the unused trip time. i don't be attentive to what is going to ensue for this reason. Is the business employer going to be persevering with to call it extensive-unfold wages? touch provider Canada and run the question by potential of them. perhaps you may qualify for EI after the severance runs out.
2016-10-15 11:12:04 · answer #5 · answered by ? 4 · 0⤊ 0⤋
Or do i have to wait for the severance pay to run out
2014-07-24 03:59:04 · answer #6 · answered by Anonymous · 0⤊ 0⤋
file at once. they may deduct the severence...but so what.
2007-08-15 09:29:00 · answer #7 · answered by Anonymous · 0⤊ 0⤋
In michigan you are aloud to.
2007-08-15 09:31:32 · answer #8 · answered by BryaN 2 · 0⤊ 0⤋