re: Does Severance payments affect unemployment benefits

Severance payments are deductible from unemployment benefits the week in which they are paid. Whether severance is paid in a lump sum or staggered over a defined period of time, if you receive an amount that exceeds your weekly benefit amount ($247/week is the max in La) then that week is considered excessive and no benefits will be paid.

My advice: file your claim the day you are separated from your job. Indicate you will receive severance, and fax a copy of the checkstub or proof of severance payment ASAP.

Dont forget about disclosing whether you received accrued vacation pay, as it also may be deductible as well.

www.laworks.net will provide a link to file for benefits online.