Unemployment/Severence State of OH
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Unemployment/Severence State of OH
In the State of OH, if I sign a severance agreement with 3 months fully paid salary distributed in increments over that period, will that 1. lesson the amount of weeks that I am eligible for unemployment 26 in OH? -or- 2. decrease the total amount that I am eligible for if I have not found a job by that time?
Asked on October 15, 2017 under Employment Labor Law, Ohio
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
No, it does not decrease the number of weeks of unemployment to which you are entitled, but does delay the start or onset of unemployment: the unemployment does not kick in until the severance is over. Of course, it could unintentionally reduce unemployment: say you get a new job 4 months after the current one ends. If your unemployment was delayed by 3 months because you received severance, then you only will be able to get 1 month unemployment. However, since your severance is likely larger than that number of months or weeks of unemployment will be, you will presumably come out ahead.
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