in some states accepting severance may mean NO unemployment claim - do the math carefully.

Keep in mind state rules and terms of accepting severance, its a state by state legal situation but in some it means you waive your right to the unemployment claim, others it means you can't file unemployment until a specific date listed in the severance agreement, in others you get both severance and unemployment, just a friendly reminder to read the terms of the severance agreement.

For Example in Texas When you file for unemployment benefits, your last employer receives notification and an opportunity to oppose your benefits. If you receive a severance package, the content and terminology, along with employer opposition, determines whether or not you receive unemployment compensation benefits.

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Just retired in November and one of the things my supervisor gave me was a form about how to collect unemployment. Thought it was a little odd as I retired voluntarily but then again the company did send out emails warning people who would be negatively impacted by segment rate increases so I applied for unemployment benefits and think I actually may be getting them $832 per week for six months. Keeping my fingers crossed

In Florida if your severance or cash buyout with sipp for craft employees was offered and accepted due to a lay-off and a junior person kept their job you can collect unemployment. Not sure for management.
I collected unemployment for three months after a layoff during covid and also collected $50G plus sipp.

For managers in Georgia who get laid off, the package will usually be richer than unemployment benefits. Last time I checked unemploment pay was capped at just above $300 per week, max of 14 weeks. Thats before tax. Its different in other states.

I still receive a paycheck & I don't work. Beat that!

Unemployment is c-r-a-p in my state. I make a very good salary after 25+ years.

In my case this doesn't warrant any further investigation, I'm taking that 6 months pay all day.

The poster who said "severance always pays better...." I would say that is a good bet. I live in a state that has one of the highest levels of compensation for unemployment. I ran the numbers and even with the generous benefits of my state, unemployment would amount to only about one third of what the severance would be. Fortunately for me, my state allows collection of severance and unemployment at the same time. I would suggest, ,for planning purposes, people look into their own state's laws and regulations and plan accordingly.

California EDD allows you to collect UI and severance simultaneously. You can file your UI claim on your last day of employment, don't delay.

You are 100% incorrect. In Texas you can collect severance and unemployment you just cannot do it at the same time. That means if you receive six months worth of severance you have to wait six months to begin receiving unemployment. Meaning you cannot collect severance and unemployment in that state at the same time. But if I no means disqualifies you from receiving unemployment, You are absolutely eligible for both.

Severance pay will ALWAYS be better than collecting unemployment. It's really a no brainer.

Thread regarding AT&T layoffs

in some states accepting severance may mean NO unemployment claim - do the math carefully.

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