How does severance pay affect my eligibility to receive unemployment insurance benefits?
Severance pay is not deducted from unemployment insurance benefits and does not affect your eligibility to receive benefits. The method of payment, such as a lump sum payment or payments paid to you at regular pay period intervals does not change the nature of the payment. However, you must report severance pay at the time you file your unemployment insurance claim.
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- How does severance pay affect my eligibility to receive unemployment insurance benefits?
