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re: Does Severance payments affect unemployment benefits

Posted on 7/14/13 at 7:48 pm to
Posted by GFunk
Denham Springs
Member since Feb 2011
14967 posts
Posted on 7/14/13 at 7:48 pm to
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.
This post was edited on 7/14/13 at 7:49 pm
Posted by Meauxjeaux
98836 posts including my alters
Member since Jun 2005
40521 posts
Posted on 7/14/13 at 9:28 pm to
quote:

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.


100% this.


quote:

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.


And kinda this. If you can, finagle a way to get all of the severance documented in your first week of UE. You don't collect UE the first week you file - I think it's called a 'week of waiting'. If you can show you got severance that week, your subsequent weeks won't get docked.

Anything you collect in any week in which you receive that $247 (actually, it has gone down to $225 or something now) gets deducted straight from that $247 (er, $225).
Posted by OldSouth
Folsom, LA
Member since Oct 2011
10943 posts
Posted on 7/15/13 at 8:50 am to
quote:

($247/week is the max in La)
When is it ever worth applying for this? What's the point?
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