How does severance pay, pay in lieu of notice or continuation pay affect my benefits?
A. Severance payments do not usually affect your unemployment benefits. However, pay in lieu of notice or continuation pay with full benefits that are guaranteed can affect your benefits. Report any separation-related payments you receive or are entitled to receive to the telecenter. Payments are considered severance pay when: • The payments are not assigned to any period after your date of separation from your employer. • You are not on call or in any way required to be available to your employer in order to receive these benefits. • Your fringe benefits do not continue to accrue (vacation, retirement, sick, etc). • You accept a new job and it does not affect your severance pay.
