Does a severance package effect my eligibility for unemployment?
October 29, 2016
Q) My position is being eliminated at ATI physical therapy as of Friday, April 8th. I am being offered at 3 week severance package which has a lot of conditions to it specific my termination. Does a severance package effect my eligibility for unemployment??
A) 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.