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Can you get a severance package and unemployment?

Can you get a severance package and unemployment?

You may receive a severance package when you leave your job. If you do, it will provide you with a lump sum or a weekly payment that can help you to make ends meet while you are looking for a new job. If you receive a severance package, it may affect when you might be eligible to receive unemployment benefits. To learn more about the effect that your severance package might have on your ability to receive unemployment benefits, you might want to talk to the lawyers at Swartz Swidler.

Types of severance

If you are offered a severance package from your employer, you may receive a lump sum payment or weekly payments for a set number of weeks. These packages may also include other types of benefits such as ongoing health insurance or job placement help.

Unemployment

You are able to apply for unemployment benefits as soon as your employment ends. the office will examine your employment history to decide the amount that you are entitled to receive. The benefit amount will be a percentage of what you earned when you were working. To be eligible, you will be required to search for a job and to accept any reasonable offers in your field. If you do any work during a week, your benefits will be reduced. If you receive more from work than your benefits amount, you will not receive a check for that week.

Schedule an appointment today. Call (856) 685-7420 or

Schedule an appointment today.
Call (856) 685-7420 or

How severance is treated

In most states, severance is treated like wages. This means that your severance may reduce the amount that you receive in unemployment benefits. Unlike other states, however, New Jersey does not count severance as wages. This means that your severance will not be treated as income and will not reduce the amount that you may receive in unemployment benefits. However, the unemployment office will examine the money that you receive to make certain that it is truly severance pay and not continuation pay. If it is continuation pay, you will not be able to receive unemployment benefits until your continuation pay ends.

What to do if you know that you will be unemployed

If you know that you will soon be unemployed, it is a good idea for you to talk to your state’s unemployment office. The office should be able to explain to you how your severance package might affect your benefits and when you should apply for unemployment. To learn more, you should also talk to the experienced employment lawyers at Swartz Swidler. Fill out our contact from today.

Most Frequently Asked Question: Do I Have A Case?

While it is true that every case is different, The law is pretty clear in most cases. The best way to determine if you have a case is to contact one of our attorneys. For more information check out the FAQ below or visit our FAQ Page

Most Frequently Asked Question:
Do I Have A Case?

While it is true that every case is different, The law is pretty clear in most cases. The best way to determine if you have a case is contact one of our attorneys. For more information on a just a few scenarios checkout the flip box FAQ below or visit our FAQ Page.

Our Locations

Cherry Hill Headquarters

1101 Kings Hwy N
Suite 402
Cherry Hill, New Jersey 08034

Phone: (856) 685-7420
Fax: (856) 685-7417

Philadelphia Satellite Office

123 South 22nd Street
Philadelphia, PA 19107

Phone: (215) 995-2733

Our Locations

Cherry Hill Headquarters

1101 Kings Hwy N
Suite 402
Cherry Hill, New Jersey 08034

Phone: (856) 685-7420
Fax: (856) 685-7417

Philadelphia Satellite Office

123 South 22nd Street
Philadelphia, PA 19107

Phone: (215) 995-2733