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Articles (3)

Severance Pay can reduce Ohio Unemployment Compensation Benefits
Severance pay in Ohio can reduce or eliminate an employee's unemployment compensation benefits for the weeks that the severance pay is received. If an employer pays severance pay in a lump sum, the Oh... applies to Ohio

Closing the Severance Pay Negotiation with Non-economic Terms
The amount of severance that an employer is willing to pay an employee, though usually the single most important item addressed in severance negotiations, is only one severance issue. Additional issue... applies to All States

Settlement Term Sheets not binding, Settlement Agreements are
January 22, 2020 Under New York law a financial services professional in his late 50s, who fires his first law firm then proceeds to mediation with a new law firm during which he signs a settlement te... applies to New York

Questions and Answers (122)

What goes on line 8, Section 2 if one lump sum?
On FL U.I. Online- line 8, Section 2 it asks for dates covered in severance (a required field ), the payout will be a one-lump sum. We have not sent in the signed severance packet because we needed ti... applies to Florida  ·  0 answers

In Florida, how does unemployment work after receiving lump sum of severance?
I am in Florida. I was laid off and given a severance package for 3 months to be paid out biweekly. It has been paid out bi-weekly until 1/15 when the company decided that it would pay out the remaini... applies to Florida  ·  2 answers

Do i qualify for unemployment with a lump sum severance in Indiana?
Hello - I received a lump sum severance package in Indiana due to reorganization/buyout at my company. I was told to go ahead and apply for unemployment.... they gave it to me...and now they are askin... applies to Indiana  ·  0 answers

Received severance lump sum, TN, denied unemployment. I am awaiting an appeal hearing as I understand the law states if it is a lump sum payment then its not distributed, it was taxed at the gift tax rate, will I win an appeal?
Separation letter states severance pay, severance agreement states lump sum payout taxed at 22%. I was denied unemployment and I have appealed. Doesn’t the law state if it was a lump sum and not dis... applies to Tennessee  ·  0 answers

I may be stretching. But in lieu of me being told I would qualify for unemployment immediately because the severance was dispersed in a 'lump sum.' I received my rejection for the period until 'lump sum' is exhausted. This is an assessment from ODJFS. Yes
Seems a bit unfair because the lump sum is half of my regular pay, yet they want me to treat the period as regular when it virtually reflects half the time. Not only was my group laid off, but there a... applies to Ohio  ·  0 answers

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