Unemployment Compensation and Impact of Severance and Retirement Benefits
As of June 2014, Pennsylvania’s unemployment rate was 5.6%, the lowest rate since September 2008. This is great news, but regardless of the state of the economy, employers will always have to deal with employee turnover and associated Unemployment Compensation (“UC”) claims. The receipt of severance payments and/or retirement benefits can affect the amount of UC benefits an otherwise eligible employee is entitled to receive…
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