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My husband lost his job today. Unemployement question.

So my husband worked for the same company for five years today, nice huh? Anyway he was fired today and now the company is offering a severance package. It states in the contract that if he accepts the package that he is not eligible for any further compensation.

Does that include unemployment benefits?

 
Anonymous

Asked by Anonymous at 10:15 AM on Mar. 30, 2011 in Money & Work

This question is closed.
Answers (11)
  • Severance is paid by the company, unemployment is paid by the state. They're unrelated.
    CraftingMama

    Answer by CraftingMama at 10:17 AM on Mar. 30, 2011

  • Then he can file for unemployment starting after his severance package ends. He cannot get both at the same time.
    CraftingMama

    Answer by CraftingMama at 10:24 AM on Mar. 30, 2011

  • If it's in a release of claims they are starting he can't sue them or come back to them for any other monetary damages after he signs the document and recieves the severance payments. When he files for unemployment they will send the form to the employer and the form does ask if they provided severance, and if they respond yes with the dates his unemployment will/may be denied if he's trying to apply for unemployment at the same time that he is on severance. He can get unemployment after his severance ends.
    mommyslate

    Answer by mommyslate at 3:00 PM on Mar. 30, 2011

  • LAST, not lack...did not mean to post anon...
    samurai_chica

    Answer by samurai_chica at 10:41 AM on Mar. 30, 2011

  • The severance is basically 5 weeks pay.
    Anonymous

    Comment by Anonymous (original poster) at 10:22 AM on Mar. 30, 2011

  • He needs to ask the HR department of his company. This is a serious question that you need to know the real answer to.
    mompam

    Answer by mompam at 10:31 AM on Mar. 30, 2011

  • Yes, unemployment will not start till the severance is exhausted. I still have no idea what the formula is but be frugal with the severence. Good luck with your husband's job search.
    berrymorin3

    Answer by berrymorin3 at 10:34 AM on Mar. 30, 2011

  • U could call the dept,of unemployment.
    dancer

    Answer by dancer at 10:34 AM on Mar. 30, 2011

  • He's lucky he got severance....when i got laid off, they didn't even give me that.

    He has to apply for unemployment after his lack severance check. He can still get UI...

    I would save as much of that severance as possible because UI is next to nothing. Yes, it helps, but it's not nearly enough for some families.
    Anonymous

    Answer by Anonymous at 10:40 AM on Mar. 30, 2011

  • he could file after the severance runs out but the whole thing too is will the company fight the unemployment.
    lucky35

    Answer by lucky35 at 3:02 PM on Mar. 30, 2011

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