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According to this 9News article IT DOES! See the Related Link below. This is further substantiated by the other Related Link below, in that it was the basis for the decision. An article approximately 7 months old details how "Jackson" lost his UI benefits
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Can you draw 401k and unemployment in Florida?
if i am getting unemployment benefits in florida and take money from my 401k does that disqualify me from unemployment benefits
Can you close your 401k?
can you close out your 401k and still receive unemployment benefits
Will 401k distribution affect unemployment insurance in CT?
To the extent that your 401k distribution includes Employer contributions, a percentage of the distribution would be used to offset your unemployment benefit. If there are no Employer contributions there would be no effect on your benefits.
Can you receive unemployment benefits while receiving 401k benefits in Texas?
Yes, but it is possible that Texas MAY deduct from your unemployment benefits that portion of your 401k that was contributed by the employer. Check the Related Link below and the Texas 'office to determine their criteria.
Can you receive unemployment benefits while receiving 401k benefits in California?
Apparently, the money you put in a 401K Plan and withdrawn would not be deducted from unemployment benefits, but possibly that contributed by the employer may be deducted. It is best to contact the unemployment office and find out for sure. The Related Link below gives more detail. 401K is similar in many respects to pension payments
Does 401K income affect social security benefits?
yes
Does your employer report your 401k payment to unemployment?
If your state requires 401K payments figured in with your wages or income received during your benefits period, then yes, otherwise I think not.
Can you have a 401k and deceased husbands 401k and receive ss?
Yes. Having a retirement account such as a 401k or an IRA will not affect your ability to draw social security benefits.
Will drawing on your 401k affect your unemployment in Washington state?
yes. once you withdraw the money it is taxable as income.
What to do with 401k after layoff collecting unemployment?
can you collect unemployment and make withdrawls from a 401k when 591/2 in maine
Does withdrawl of 401k affect unemployment in Indiana?
The laws regarding the impact of 401K disbursements can vary by states. As with most states, it can impact your unemployment benefits in Indiana, depending on the specifics of your 401K. Depending on whether or not you were fully vested, reporting a 401K disbursement can delay your unemployment benefits. If you are not fully vested, then your 401K withdraw is exactly the same as withdrawing money from a bank account, cashing in a bond, or any other financial instrument. In other words, you are withdrawing and paying taxes on money already earned from that employer. However, if you're fully vested you would be taking money that your employer matched, in addition to money you already earned. In this case, the amount of your 401K disbursement would be divided by the amount of weekly unemployment benefits. The number of weeks you come up with when you divide your disbursement by the amount of weekly benefit, will delay your unemployment benefits until that number of weeks have passed. I am not attorney, but I did stay in a Holiday Inn Express last night. :P Actually, I asked a friend of mine who is a 3rd year law school student and he said this is how he understands it. (I.E. - if the money is all yours it shouldn't impact unemployment benefits, but if you're fully vested and taking your money plus additional employer matching funds it will delay it.)
Can you collect unemployment and a pension in Ohio?
Apparently several claims were appealed, in Ohio, concerning unemployment and 401ks. The 401k is considered a resource for the claimant, but it does not prevent applying for benefits, per se, it seems to cause adjustment to the benefits.
