• LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Double dipping? Severance payments and unemployment compensation

by on
in Employee Benefits Program,Firing,Human Resources

Q. May a terminated employee receiving payments under a severance agreement also receive unemployment benefits?

A.
No. Receipt of a severance payment in a given week is a disqualifying event for receipt of unemployment benefits in the same week. When severance is paid in a lump sum, covering more than one week, the Employment Security Commission will allocate the sum pro rata over ensuing weeks to determine when the former employee may become eligible for unemployment benefits.

Like what you've read? ...Republish it and share great business tips!

Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...

We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.

The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.

" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/4663/double-dipping-severance-payments-and-unemployment-compensation "

Leave a Comment