If I put 100% of my severance pay in 401k can I collect unemployment for the weeks covered under the severance?

Question

I live in Indiana

kapn · Accepted Answer

No........severance pay is after tax's.............

Anonymous · Answer

Severance is a thank you for PAST performance.

Unemployment is a payment for your CURRENT situation.

While employers routinely hint that if you get x weeks of severance, you can't collect unemployment for the same x weeks, this is NOT true.

rtfm · Answer

No. You received the severance; what you did with it after that is your own choice. It doesn't negate the fact that it counts as earned income as far as your unemployment is concerned.

David14 · Answer

Sorry but no.

If I put 100% of my severance pay in 401k can I collect unemployment for the weeks covered under the severance?

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