New York Unemployment Benefit Questions
Will receiving severance pay, retirement benefits, vacation pay etc affect my benefit amount?
In general benefit amounts are affected if you receive additional income. If a previous employer contributed to your pension fund, your benefit amount will be reduced dollar by dollar for it. If you funded your pension account yourself, your benefits will not be reduced.
Unclaimed vacation benefits do not affect your benefit amounts. Benefits will stop the moment you secure a new job.
Will receiving worker’s compensation affect my benefits?
If you receive worker’s compensation and if you are physically capable of doing work, you will be eligible for UI. However, your benefit amounts may be reduced. The sum total of your weekly worker’s compensation and your weekly benefit should not be greater than your weekly base period wages.
If you receive worker’s compensation, you must provide the following to the Dept. of Labor while filing for UI.
- Worker’s compensation form – C8
- A medical certificate issued by your consulting physician stating that you are mentally and physically capable of doing full time work
Always make sure that you declare any income you received at the time of job separation or later. Failure to do so may result in overpayment and you may have to return the money to the DOL. You may even be disqualified from UI.
You must tell the Telephone Claim Center about any workers’ compensation benefits you collect while you collect unemployment benefits. If you do not, you may have to repay any unemployment benefits that were overpaid.