Take payments and collect UI or take lump sum and collect UI? What’s the best route?
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ask your accountant not this cesspool.
After the 60 days file for unemployment benefits.
Take payments over the lump sum due to taxes.
Today should be a good day.
Payments unless you already have a new gig with insurance. Part of severance is health insurance
As far as I remember you file as soon as you are no longer working. So if you have a 60 day non working notice you can file right away,
@ah Absolutely not true. A quick Google search of "oregon unemployment layoff when to file?" shows multiple reputable sources indicating it's best to file when you receive notice to make sure you receive benefits in a timely manner. When filling out the forms online the "employment end date" would be after the 60-day notice expires
@ac Be careful with this. I just went to UE office and they said submitting it early can create confusion and a denial of benefits and require you to resubmit. They advised subimitting once truly eligible (61+ days).
@a8 You can file for UE after you receive your 60 day notice. There is a spot on the UE notice where you can enter the effective date of unemployment, so you would enter a date for AFTER your 60 day notice ends so you won't receive benefits until after that date.
It's worth it to file ahead of time so you aren't waiting around for UE to approve you. I know a few others who have been laid off in Oregon who have done it this way.
Do we file for unemployment on the 61st day or before then?
I need insurance....payments and unemployment for me!
@a1 what if you monkey with your exemptions before taking the lump sum?
Don’t take lump sum it’ll put you in a higher tax bracket.