Severance is not supposed to affect your unemployment benefits. You have to report it when you receive it, and they will make you call to talk to a live person who will want more information on it. But the severance is paid in return for you agreeing not to sue them, and to honor the noncompete you signed when you hired on, etc. Baker may have paid you severance based on a formula of how many years you'd worked for them (like 1 week pay per year), but that is just a formula. It has nothing to do with "real time". The only payments that affect your UE is money that you EARN from work during the time period you are reporting for. The severance is not paid "in lieu of notice". Remember that, it is key. The severance is paid in exchange for you signing a Release Agreement, and nothing more. If it were paid in lieu of notice then it would indeed affect your UE. Also, your vacation pay should have come out on your last paycheck, so no worries there. And the bonus that we received is payment for work that was earned in 2014, so it doesn't count either. It was paid in 2015, but was earned in 2014.
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$918 bi-weekly.
LA - if you haven't already, you may need to take your Severance letter to an Unemployment office higher up manager and point out it is not pay for no termination notice given by Baker - but as someone else pointed out it's for the confidential agreement. That is the key difference, as I understand it in getting paid. In WV you have to turn the dollar value to unemployment the week severance is paid to you; but it's not supposed to take away from your weekly unemployment. All the best to you!
Anonymous83398: Agree with you, "Which state is paying $918 weekly" ???? I'm moving to there too, no need to look for the next job....Maybe that's Obama hometown? :)
In Louisiana they will not pay UE if you have severance. You must wait until the severance is exhausted. Than you can start receiving UE. This is what I am going through right now
Which state is paying $918 weekly...I'm moving there.
And, the maximum weekly amount you can receive is $918 per week doled out at two week intervals. Beats nothing.
Since the DO-NOTHING Congress does NOTHING, weeks of unemployment has been reduced to twenty-six (26) weeks MAXIMUM! This is important to know.
Nice clarification.
Please note, in West Virginia, you must report any 2014 bonus paid the week it was paid in 2015. You will not receive unemployment funds for the same week bonus was received. However, you will still get the total number of weeks unemployment due you.
In a previous oil patch downturn, I was laid off and waited just a week to get unemployment insurance. Thank you for explaining the logic and make things crystal clear.