[quote=bearishgurl]The laid-off worker is free to look for another job from day one. If they got any “severance” at all, it must be reported to EDD. The worker is still eligible for 26 weeks of UI from the week after the severance pay ends.

Let’s just say these laid-off Disney IT employees were making an average of $80K annually. That’s $20K gross for 3 months FT work plus a $2K “bonus” (~$22K) IF their cheaper foreign replacement “gets it” after 3 months (MINUS ALL PAYROLL TAXES)! It’s still not worth it . . . that is if FL has a ~$450 cap on their weekly UI paymen

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Severance pay doesn’t affect UI benefits in California, irrespective of whether it’s paid in a lump sum or periodically. It does, however, in Florida, where maximum weekly benefits are $275/wk, and are reduced by periodic severance.