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My wife is over 65....she collects Social Security, and is about to be offered a severance package as her current employer is downsizing. Is she still entitled to collect unemployment benefits, and can she go on medicaire ?
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∙ 13y ago
Wiki User
∙ 12y agoYes, as most states allow various forms of income while receiving unemployment benefits, as long as you report all income received also. They will make adjustments, accordingly, and if you don't report this income, it can amount to unemployment fraud.
Wiki User
∙ 8y agoUnemployment pay can be collected whether or not a severance pay is issued by an employer. This has been the case in New York and New Jersey. It would be safe to assume other states allow this as well.
Wiki User
∙ 12y agoWiki User
∙ 14y agoSome states allow it and some states offset your benefits by the amount of severance pay.
Wiki User
∙ 13y agoYes, but some states treat them differently. Some allow all, some reduce unemployment, etc.
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How do you put your severance pay on your unemployment claim?
In Illinois you do not report your severance pay to unemployment.I did this and it just delayed my benefits, they did hellp me straighten it out and i continued to get unemployment benefits
Severance when file unemployment?
It is actually sometimes possible to receive unemployment benefits while on severance pay. It depends on the state you live in and how much severance you are receiving. If you cannot file for unemployment, you may be able to after the severance has run out-depending on how long unemployment extends for in your state. This article goes into the specifics of severance and unemployment. It can be tricky.
What is Virginia unemployment benefits eligibility with lump severance?
Your unemployment benefits, for the week you receive the lump sum severance, will be deducted by the amount of the payment, from your benefits. Otherwise, it will have no effect. See the Related Link below.
Can you collect unemployment and severance pay at the same time in Missouri?
According to the Related Link below, severance pay will not affect your unemployment benefits.
How does unemployment and severance pay work in the state of Missouri?
Unemployment benefits are unaffected by severance or termination pay in Missouri. See the Related Link below for details, under "Will other income reduce my benefits."
Does severance pay effect your unemployment benefits in Colorado?
in 2010 Colorado changed the law and now severance is considered wages.
Does severance pay make me eligible for unemployment in Pennsylvania?
The fact that you received severance pay, in itself, does not make you eligible for unemployment benefits. There are many reasons a person receives severance, including voluntarily leaving a job, so that is not a determinant.
Can you collect unemployment benefits in Kentucky if you receive a severance payment?
If you take a continuous pay severance, unemployment would start when that ends, if you take a lump sum severance from your employer you can stare unemployment benefits a week after your job ends.
Can you draw severance and unemployment at the same time in Arkansas?
Yes, but the severance could affect the amount of weekly unemployment benefits you receive. Check page 11 in the booklet found in the Related Link below for particulars.
Can you receive a lump sum severance pay and unemployment at the same time in South Carolina?
Yes, you not only can receive both, but the severance pay is not deducted from your benefits.
Can you receive nys unemployment if you receive a severance package?
Generally you will be disqualified for the amount of time that you receive severance. For example, if your weekly benefits are $400 a week and you earned $1200 severance, then you will be disqualified for a month.
Can unemployment benefits and severance from an employer be collected at the same time in NY state?
I did. I received lump sum severance and collected unemployment in NYC. Of course, the regular one week waiting period for unemployment still goes so make sure to apply immediately. Actually, if you think about it, a lump sum payment is really part of your compensation package, so as long you don't keep receiving a paycheck after that, then why shouldn't you be entitled to unemployment like everyone else? I imagine it would be different if you cotinue to receive a paycheck every week for a specified amount of time after you were let go though...
