Unemployment denied

My husband voluntarily left his employer of 23 yrs to seek employment with another company. After 3 months with this company, he was laid off. Upon filing for unemployment, we found out that he is ineligible for compensation as he took a portion of his 401K and placed it into our savings account.(this was from the employer of 23 yrs) He was told that he had "too much money in the bank to qualify for unemployment" Is this a law??

1 answer  |  asked Jan 15, 2003 10:27 AM [EST]  |  applies to Ohio

Answers (1)

Richard Renner
Pay attention to time limits

The time limit to appeal a denial in Ohio is 21 days from the day shown on the notice as the day of mailing. Sometimes clients mistaken believe they have 21 days from the day they receive it -- that is wrong. Make sure you get your appeal in on time, and worry about how the law applies later, like before the hearing.

A person's assets are not considered in determining qualification. However, money paid in severance can, in some circumstances, be considered ongoing wages. The effect is that if you are getting paid, even after the discharge, then the date when you can qualify is postponed. When the severance money runs out, then you qualify. If that is the case, then they might be doing you a favor by denying your first application so you are free to file again when you qualify for a full 39 weeks.

Richard Renner
taterenner.com

posted by Richard Renner  |  Jan 15, 2003 12:27 PM [EST]

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