Trying to figure out whether to file for unemployment benefits now, or wait. I'm not under WARN, and am receiving the release form today which will then trigger my severance pay. I know every state is different, so I'm mainly interested in what's the best choice in Colorado. But if others want to post what's applicable for their state as well, that could be helpful for others.
I did find this statement:
"What you need to do is file your initial unemployment claim immediately. It takes 2 or 3 weeks for the claim to process, so the sooner you are able to get it done, the better.
When you file the initial claim, you will be asked to enter any payments that you received from the company, including severance pay and vacation pay. This will determine how long it will be until you receive your first unemployment payment. For example, if your UI claim is approved and they determine that you are eligible to receive $300 a week, and you received $1500 in severance and vacation payments, you will not be able to receive an unemployment payment for 6 weeks. This includes a "waiting week" for which you will not be paid at all. "
Also found info indicating that the amount of unemployment benefits are determined by previous quarters income, so if you wait, your benefit will end up being lower since your income after layoff is lower.
Anyone else been through this and can comment on how it works/what's best to do?