This varies by state, but in my state (Ohio) severance pay is deductible income that will reduce unemployment benefits 1:1. Does anyone know if it's possible to negotiate having the severance assigned entirely to the week of separation so that we can begin collecting unemployment right away?
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In 2024 RIF, paid every 2 weeks for 6 months. Then unemployment kicks in
I’ve read that even if you get a lump sum, states will calculate how many weeks of pay that equals and won’t pay unemployment until after those weeks run out. I think getting both at once could be fraud in a lot of states.
No. You would file for unemployment when your severance runs out if you haven’t found work by then.
@a5 that's true, but I would feel pretty torn up if I gave someone bad advice since a lot of cases vary on circumstance
@a4 some here might know from past experience. That's what these boards are for, no?
@OP why are you asking us, the peanut gallery?
HR is going to be the most informed to answer that question
@a1 I don't think it would be fraud. Lots of companies pay out in lump sum and unemployment considers which week income is assigned to, not the total.
If you think the company is going to do you any favors so you can commit fraud (in your state) you’re mistaken. Only the mothership is allowed to commit fraud for their benefit.