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If you receive severance pay from a former employer, you may actually end up in a pretty good place financially. Many severance packages pay 50% to 100% of wages for a specified time period, and if...
It’s worth a shot to see if you can avoid paying back that balance — or at least pay it in smaller chunks — if you’re still facing job loss or a severe income disruption. 3. Pay attention ...
Generally, you can still get unemployment benefits if you quit your job for a worthy cause that can be documented. While requirements vary from state to state, certain eligibility rules like these ...
Severance pay is not mandatory; however, employers usually offer severance package as a gesture of goodwill and competitive advantage. Severance pay is paid, if any, based on employee’s years of service and contribution to the company. It may also include continuation of benefits and other perks (health insurance, outplacement assistant, etc.).
The plan may pay benefits to employees, their dependents, or their designated beneficiaries, or to disabled, laid-off, or retired former employees. [1] [2] The organization must also meet the following additional requirements: It must be a voluntary association of employees;. [2]
In a memo released yesterday, the U.S. Labor Department states that workers who were asked to repay unemployment benefits received through the CARES Act might be able to get a refund, although it...
If an employer brings back a laid-off employee part-time and participates in this program, the worker will receive “prorated UI benefits to help cover reduced compensation for not working full ...
Image source: Getty Images. In April, the U.S. economy added 175,000 new jobs and the unemployment rate held fairly steady at 3.9%. But even in a fairly strong labor market, there's always the ...