In this post we are here to address your questions regarding unemployment benefits in the state.
Income and Deductions That Affect Your Benefits
There are certain types of income and deductions that may impact your weekly unemployment benefits:
- Severance Pay: Your weekly benefit payments are not reduced by severance pay.
- Social Security Payments: Your benefits are also not affected by Social Security payments.
- Wages from Working: However, **wages from working** can reduce your unemployment benefits.
In addition to wages, the following types of payments should be reported properly:
- Vacation, PTO, Holiday Pay, and Warren Pay: These should be treated the same way as wages and reported as earnings.
To properly report your earnings:
- Multiply the total number of hours you worked or were entitled to vacation, PTO, holiday, or Warren pay during the week (Sunday to Saturday).
- Multiply this by your hourly rate of pay.
- Report this total amount as your earnings when filing your weekly request for payment.
For example, if you worked 15 hours from Sunday to Saturday and earn $10 an hour, report $150 as your earnings for the week when filing for payment.
It’s important to accurately report your earnings to avoid any repercussions. Incorrect reporting may result in having to repay the money received and potential penalties. If you have any doubts about what should be reported, don’t hesitate to ask for assistance.
Pensions and Other Deductions
Some pensions and deductions can also affect your unemployment benefits:
- Military Retirement: This includes VA compensation for disability.
- Union, Private, Federal, State, County, or City Pensions: If you receive any of these pensions, inform your claims representative as it may impact your benefits. You will be notified accordingly.
- Federal Income Tax: You have the option to have 10% of your weekly benefit payment withheld for federal income tax.
- Temporary or Partial Workers Compensation Payments: These may reduce your benefit payments.
- Child Support Deductions: Similar to workers compensation payments, child support deductions can also affect your benefit payments.
Ensure you inform your claims representative about any pensions you receive or deductions you are subject to. This way, they can properly assess and notify you if any adjustments to your benefits are necessary.
We are here to help you navigate the unemployment benefits process and ensure everything is done correctly. Don’t hesitate to reach out to us if you have any further questions or concerns.