As most everyone now knows, among other things, the massive $2 trillion-plus CARES Act created multiple federal unemployment compensation programs for individuals impacted by the novel coronavirus disease (COVID-19). These programs provide federal funding to the states to administer and provide unemployment compensation assistance to a broad range of COVID-19-impacted employees including, notably, those who … Continue Reading
The US Department of Labor (DOL) has issued a number of publications offering guidance to the states for implementing certain federal unemployment insurance provisions contained in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), including the Pandemic Unemployment Assistance (PUA), Federal Pandemic Unemployment Compensation (FPUC), and Pandemic Emergency Unemployment Compensation (PEUC) programs. As … Continue Reading
US employers who pay severance benefits may realize substantial savings by structuring their severance payments under a Supplemental Unemployment Benefit (SUB) plan. A SUB plan provides benefits similar to a traditional severance plan. Unlike traditional severance payments, benefits under a SUB plan are tied to the former employee’s receipt of state unemployment insurance (SUI) benefits … Continue Reading
