The answer may be qualified if the payment in any way falls under allowance for vacation or something similar, the Related Link below may address the issue. Delay of benefits may occur for a period represented by the amount of severance pay compared to unemployment benefits for the period. Time plays a big part, so check the Link and other portions as it relates to New York.
Yes, you can still collect unemployment benefits after receiving severance pay. These 2 benefits are separate and distinct from the other -- severance pay is the consideration given by the employer after the employee's dismissal or termination from employment either as a reward for the service or in exchange for waiving his right to sue the employer. Some severance packages actually include the benefit of uncontested unemployment benefits.
PA - in 2005, employees could receive both a severance package and collect unemployment compensation benefits. Now an employee would still have the ability to apply for benefits once the severance package is exhausted, but not at the same time. As each state handles severance pay/unemployment differently you need to check with your own state's employment security office for clarification. Some states allow the total severance with no affect on benefits others reduce weekly amounts, etc. Missouri, for example says severance has no affect (see the Related Link below for this example).
In my state (not Minn) my colleague and I were layed off at the same time with a one-time severance payment. He got unemployment immediately, I had to wait until my severance pay was finished (the number of week's pay my severance was) before I started my unemployment. So it not only depends on your state, it depends on who does your case. The good news is that we both got the same amount of unemployment $, mine was just delayed.
Check out the article titled "Wages" in the Related Link below. Severance pay may be considered part of the 'wages' you receive and the timing of when received may be very important either beneficial or not. There is generally a waiting period of 7 days, and then you receive benefits 7 days after approval.
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