Thread regarding ConocoPhillips layoffs

If you get severance, can you collect unemployment ??

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Post ID: @OP+D9MPve9

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Yes - am doing it now.

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Post ID: @15xn+D9MPve9

Yes you can. Tx only considers regular monthy income. I got 60 weeks severance pay and 1 million lump sum pension. Both were lump somes, so it was not considered monthly income so I qualified.

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Post ID: @PFj+D9MPve9

The individual states manages the unemployment benefits for US states. Ideally collect final pay, vacation pay and severance pay and then file for unemployment. Cash out a 401K with caution to avoid issues with the unemployment benefits.

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Post ID: @tyx+D9MPve9

Agreed - even if it's $10,000+ you report that and they only consider that as your single weekly income. Next week - you file again and get your normal unemployment benefits.

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Post ID: @7ix+D9MPve9

Yes you can. COP reports that as income so the week you get the check you won't get unemployment benefits. Texas is $465 weekly for me up to around $12,000 max.

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Post ID: @URw+D9MPve9

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