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Severance pay plans grant employees weekly benefits in addition to state unemployment compensation

Severance pay plans grant employees weekly benefits in addition to state unemployment compensation. ANS: F PTS: 1 REF: p. 496 OBJ: 11-5 TYPE: K 49. Severance pay is considered a supplemental unemployment benefit. ANS: F PTS: 1 REF: p. 496 OBJ: 11-5 TYPE: U 50. Supplemental unemployment benefits are not required by law, and are usually funded by. An employee with a weekly base pay of $1,000 is temporarily laid off because of a 12-week work stoppage. Under a SUB Plan, the employee applies for state unemployment compensation benefits and is eligible to receive $616 per week. The company then supplements the difference by paying the gap of $384. Together, the two benefits equal 100 percent. STATE STANDARDS: United States - OH - DISC: HRM KEYWORDS: Bloom's: Knowledge 44. Severance pay plans grant employees weekly benefits in addition to state unemployment compensation. a. True b. Fals e ANSWER: False POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVE S: MGHR.SNEL.17.11-3 NATIONAL STANDARDS: United States - BUSPROG - Analytic - Business knowledge and analytic skills STATE STANDARDS.

ANS F PTS 1 REF p 484 OBJ 11 3 TYPE K 34 Some states

Due to COVID-19 an increasing number of employers are considering implementing supplemental unemployment benefits plans SUB-Pay Plans in order to provide additional benefits to discharged employees Severance pay plans grant employees weekly benefits in addition to state unemployment compensation. False The fair representation doctrine settles disputes over the meaning of contract terms Similar to severance pay, pay in lieu of notice is wages paid to an employee who was laid off without notice when the employer was required to provide advance notification of a layoff. 6. When you receive payment for any unused vacation or flexible leave benefits upon leaving your job, it may impact your unemployment benefits A plan that enables an employee who is laid off to draw, in addition to state unemployment compensation, weekly benefits from the employer that are paid from a fund created for this purpose. i. Not required by law - found in cyclical industries, unemployment compensation is augmented by thi

regular Tennessee unemployment insurance benefits. The minimum PUA benefit amount is calculated by USDOL, quarterly, as 50% of the average weekly benefit amount in each state. An additional $300 will be paid on top of your weekly benefit amount under the Federal Pandemic Unemployment Compensation (FPUC) program Federal Pandemic Unemployment Compensation (FPUC) - FPUC is effective from March 14, 2021 through the week ending September 4, 2021. FPUC provides an additional $300 per week in supplement benefits to claimants who are eligible through traditional UI, Shared Work, PEUC, EB, or PUA. The extra $300 is available from week ending January 2, 2021. Minnesota. Your Weekly Benefit Amount in Minnesota would be 50% of 1/52 of your average weekly wages in your base period or 50% of 1/13 of your wages in the highest quarter of your base period, whichever is higher. If you collect wages while on UI benefits, the state will disregard 1/2 of wages Concluding Thoughts on Severance Pay . To provide severance pay to a departing employee is both a kindness on the part of the employer and it is a legal necessity in this era of lawsuits. The departing employee receives pay that will supplement his or her unemployment compensation and cushion his or her standard of living while job searching

Full Guide: Supplemental Unemployment Benefits

Federal Pandemic Unemployment Compensation is a temporary program that provides an extra $600 a week on top of your regular unemployment insurance benefit ATTENTION: Over the past year, APFA's Unemployment Specialists have maintained unemployment information for each base. The information is a one-stop resource to find information on filing for benefits, eligibility, Lost Wages Assistance (LWA) Benefits, severance pay, and how different types of leaves affect your eligibility

Use this list of Frequently Asked Questions (FAQs) for answers to common unemployment insurance (UI) questions. Don't see your question or answer? Please call UI Customer Service at 1-866-239-0843 between 8 a.m. and 4:30 p.m. Monday through Friday. Filing for Unemployment Benefits Filing UI Claims Guide Weekly Claims and Work Search Requirements Payment Information Additiona Another way to minimize the impact of unemployment claims following an across-the-board cut in hours would be to use a shared work plan, an alternative to layoffs that allows employees whose hours have been reduced by a standard amount between 10% - 40% to remain employed and receive a percentage of their unemployment benefits equal to the cut. For regular unemployment compensation, employers generally contribute to the cost of benefits for their former employees. The contribution rate of an experience-rated employer is based, in part, on the amount of unemployment benefits paid to the employer's former employees, so this rate may rise when an employer furloughs or lays off.

One estimate is that the payment for time not worked

Benefits and Drawbacks of SUB-Pay Plan

Employers are obligated to pay to their state one half of the amount of short-time compensation benefits paid under such plans. This amount will not impact the employer's contribution rate. Employer Payments of Student Loans. The CARES Act permits employers to provide a student loan repayment benefit to employees on a tax-free basis, up to. Federal Pandemic Unemployment Compensation (FPUC) Federal funded Pandemic Unemployment Compensation (PUC) provides an additional $300 a week for any worker eligible for state or federal unemployment compensation benefits until September 6, 2021. This will be paid automatically and will be in addition to UI or PUA compensation. 3 

By doing so, you then become eligible to apply for unemployment benefits. In wake of the recent Coronavirus pandemic, these benefits are substantially higher than in previous years and include higher weekly compensation, pay starting as early as the first week after employment, and an extension of unemployment benefits by 13 weeks. Max out your. There is no legal requirement for benefits in addition to severance pay or retirement pension under the Retirement Benefit Act. However, as the conditions and procedures for collective dismissal involve uncertainty and complexities, employers often choose to offer extra compensation to induce employees to resign voluntarily The total amount of unemployment compensation payable to any individual shall be equal to 14 times the individual's weekly benefit amount for the individual's most recent benefit year if the average unemployment rate in the state is at or below 6.5 percent, with an additional weekly amount added for each 0.5-percent increment in the state. Severance pay is calculated differently from termination pay. To determine severance pay, you must multiply your regular week's wages by your number of years of employment with the company. For example, if you worked 7 years and 6 months (with a qualifying company) at a regular weekly pay of $1,000, your severance pay would be $7,500 ($1000 x. WASHINGTON, DC - The U.S. Department of Labor today announced the publication of Unemployment Insurance Guidance Letter 15-20 (UIPL) providing guidance to states for Federal Pandemic Unemployment Compensation (FPUC). Under FPUC, states will administer an additional $600 weekly payment to certain eligible individuals who are receiving other benefits

Unemployment benefits are calculated as a percentage of your average pay over a recent 52-week period. Here's how you can calculate your weekly benefit rate . If you are eligible for benefits, you should receive your first benefit payment within four weeks after the effective date of your application, provided you file your biweekly claims on. Income that may affect benefits. In addition to earnings, other income from current or past employment may affect benefits. When you first apply, and every week you make a request for payment, you are asked if you applied for or are receiving other types of income. The most common types of income that may affect unemployment benefits are listed. Severance pay depends on the employee's length of service and the relevant CBA's provisions. It is generally calculated on the basis of an employee's average salary (often including bonuses as well as basic salary) during the last twelve months of employment. certificate for the State Unemployment Fund In addition to the plan's benefits. Federal Pandemic Unemployment Compensation (FPUC) - DOES is working on system modifications to extend FPUC through September 4, 2021. FPUC provides an additional $300 per week in supplement benefits to claimants who are eligible through traditional UI, Shared Work, PEUC, EB, or PUA. The extra $300 is available from week ending January 2, 2021. You must report unemployment benefits you receive when you file your income taxes. By January 31 of each year, the Oklahoma Employment Security Commission will send you a form 1099-G with the amount of benefits you received the prior year. You may elect to have federal and state taxes withheld from your weekly unemployment benefits

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Unemployment Updates. You have reached Indiana's one stop shop for Unemployment Insurance needs - for Individuals who are Unemployed and for Employers. Please use our Quick Links or access on the images below for additional information. Please note that Unemployment Insurance is available to Hoosiers whose employment has been interrupted or. For example, federal law allows states to pay benefits where: (1) An employer temporarily ceases operations due to COVID-19, preventing employees from coming to work; (2) An individual is quarantined with the expectation of returning to work after the quarantine is over; and (3) An individual leaves employment due to a risk of exposure or. In Connecticut — as in every other state — employees who are temporarily out of work through no fault of their own may qualify for unemployment benefits. The eligibility rules, prior earnings requirements, benefit amounts, and other details vary from state to state.Here are the basic rules for collecting unemployment compensation in Connecticut Full-Time Classified Employees . Benefit Summary . The following is a description of the benefits for full-time classified employees. Unless otherwise specified, benefits will begin the first day of the month following hire (if hired on or prior to the 15th) or the first day of the second month following hire (if hired after the 15th). Certain.

Although there are several unemployment compensation provisions in the CARES Act, the one causing the most significant amount of angst for employers is the extra $600 a week in federally funded benefits to any employee who qualifies for normal state unemployment compensation benefits through July 31, 2020 Department of Labor & Workforce Development Employment and Training Services. P.O. Box 115509 Juneau, AK 99811-5509 Phone: (907) 465-2712 Fax: (907) 465-453

To receive waiting week credit, you must file a claim for the week and be otherwise eligible for benefits for the week. Unemployment Insurance is subject to State and Federal income taxes You may voluntarily elect to have either or both State and Federal income taxes deducted and withheld from your benefit payments. Withholding is at pre-set. COVID-19 Unemployment Benefits. The federal government allowed states to change their laws to provide COVID-19 unemployment benefits for people whose jobs have been affected by the coronavirus pandemic. Many states are ending their COVID-related unemployment benefits. Contact your state's unemployment insurance program for the most up-to-date.

Frequency of Wage Payments. An employer must pay employees who are paid: weekly within eight (8) days of the end of the pay period if the employee is paid weekly. biweekly within 15 days after the end of a pay period. Employers may request the New Hampshire Department of Labor to permit them to pay employees less frequently than weekly or biweekly c) Pandemic Emergency Unemployment Compensation (PEUC): PEUC provides additional weeks of unemployment benefits for claimants who have exhausted their 26 weeks of Regular UI benefits (since July 1, 2019). The PEUC program was extended by ARPA and will end in Maryland on Saturday, September 4, 2021 Employees who entered into a new employment relationship on or after 1 January 2003 are entitled to a severance payment. Employers must pay contributions to a severance payment fund for these employees at a rate of 1.53% of their gross monthly salary. The amount of the severance payment depends on Unemployment benefits for impacted workers have now been addressed in both the Families First Coronavirus Response Act (phase 2) and the pending Coronavirus Aid, Relief, and Economic Security (CARES) Act (phase 3), which has now been passed in the U.S. Senate and is pending in the U.S. House of Representatives in response to COVID-19. The president's signature is expected immediately once.

This an employer-only tax. For FUTA, it is six percent on the first $7,000 in wages. SUI rates vary and typically fall between two and five percent. You may be able to take a credit against your FUTA tax for payments made into your state unemployment funds. This could reduce your federal rate to as low as 0.6 percent The severance pay offset is calculated by subtracting 40 percent of the average annual wage from the total severance pay amount. Currently, 40 percent of the average annual wage is approximately $18,000. Therefore, claimants may receive up to $18,000 in total severance pay before their unemployment compensation benefits are affected Before you file a claim The fastest and most efficient way to apply for unemployment benefits is to create an online account and file online at des.nc.gov. If you're temporarily out of work or your working hours have been reduced due to COVID-19, choose 'coronavirus' as your reason for separation when filing your claim. Remember, you must complete a Weekly Certification for every week. (d) In lieu of contributions required of employers subject to this chapter, the state shall pay into the Unemployment Compensation Fund an amount equivalent to the amount of benefits charged to the state as provided in section 31-225a, or may at its option make payments as provided in subdivision (1) of subsection (g) of this section for all. FILE A NEW CLAIM REEMPLOYMENT ASSISTANCE HELP CENTER IDENTITY THEFT . American Rescue Plan Act of 2021. As a result of the American Rescue Plan Act of 2021, which was signed into law on March 11, 2021, Pandemic Emergency Unemployment Compensation (PEUC) and Pandemic Unemployment Assistance (PUA) benefit programs have been extended to September 6, 2021

How Does Severance & Vacation Pay Affect Unemployment

Gross Compensation Overview Definition of Gross Employee Compensation for Pennsylvania Personal Income Tax. For Pennsylvania personal income tax purposes, the term compensation includes salaries, wages, commissions, bonuses and incentive payments whether based on profits or otherwise, fees, tips and similar remuneration received for services rendered as an employee or casual employee. Whether due to redundancy or your work contract not being renewed, anyone can lose their job.Thankfully, the German federal government offers unemployment benefits to anyone without work. There are two types of unemployment benefit in Germany: unemployment benefit I and unemployment benefit II (Arbeitslosengeld I and Arbeitslosengeld II).Which one you receive depends on whether you have made. addition to the compensation just described, straight time rate of pay for hours 60% of the employee's weekly salary up to a maximum of $600 beginning with the Severance Pay. After 10 years of service, payment of $1,000 plus $20.00 for each additional calendar. 651 Boas Street, Room 601. Harrisburg, PA 17121-0750. All requests should include a full copy of the SUB plan and any documents showing federal tax exemption or that federal tax exemption status is pending. Additional UC information can be found at www.uc.pa.gov, or by contacting your local UC Service Center at: 888-313-7284

Pandemic Emergency Unemployment Compensation (PEUC) is a program under the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 which provides unemployment insurance benefits to those individuals who have exhausted their state unemployment insurance entitlement. It is funded by the federal government, not by state unemployment. Although you can file an unemployment claim by phone, fax, or email, the quickest way to file North Carolina unemployment applications is through the DES website.. If you don't have access to a computer, you can file your initial claim and ongoing weekly claims by calling the DES Customer Call Center at 888-737-0259.. To avoid a delay in receiving benefits, you should file a claim as soon as.

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  1. To be eligible for Unemployment Insurance (UI) benefits, you must: Have earned at least: $5,400 during the last 4 completed calendar quarters, and. 26 times the weekly benefit amount you would be eligible to collect. Be legally authorized to work in the U.S
  2. In addition to the Severance Payment, a Senior Manager who undergoes a Qualifying Separation and signs a Legal Release in accordance with Section 4.5 shall be eligible to receive or continue certain additional benefits as are described on Appendix B. Appendix B shall not include any descriptions of retirement or retiree welfare plans (even if.
  3. UNEMPLOYMENT COMPENSATION The Puerto Rico Employment Security Act, Act No. 74 of June 21, 1956, as amended, P.R. Laws Ann. tit. 29 §§701 et seq., provides for unemployment benefits compensation.
  4. d employers of their obligation to provide information to employees to help them promptly complete the unemployment insurance benefits application. Employers may use Form IA 12.3 to provide this information. The frequently asked questions have information for employers on COVID-19 impacts related to employer.
  5. The most common benefits that are offered today include: life, disability, and health insurance bundles. tuition reimbursement or education assistance. fitness center access or discounts. employee.
  6. This Plan is intended to meet the descriptive requirements of a plan constituting a severance pay plan within the meaning of regulations published by the Secretary of Labor at Title 29, Code of Federal Regulations, § 2510.3-2(b). Accordingly, the benefits paid by the Plan are not deferred compensation and no Employee shall have a vested.
  7. • Amounts an employee takes out of cafeteria plans even if the employee elects to receive benefits rather than cash Compensation Not Subject to Withholding New Jersey does not tax the following items and they should not be included in the State wage portion of your employee's W-2. • Temporary disability benefit payments required to be.

  1. Generally, individuals receiving regular unemployment compensation must act upon any referral to suitable employment and must accept any offer of suitable work. Barring unusual circumstances, a request that a furloughed employee return to his or her job very likely constitutes an offer of suitable employment that the employee must accept
  2. An additional $600 in Federal Pandemic Unemployment Compensation benefits are available to everyone receiving state unemployment benefits under the CARES Act. The funds are available for any weeks beginning after the date the state enters into an agreement through the week ending July 31. You don't need to apply separately for these benefits.
  3. Pay from the effective date of a closing, partial closing, or relocation to each employee all wages, benefits, and other forms of compensation due and owing to said employee. For more information, call the Department of Labor and Industrial Relations, Workforce Development Division at 586-8877
  4. Nationwide, the average state benefit for unemployment compensation is around $3 80 a week. The CARES Act provides an additional $600 in weekly benefits on top of what people get from their state government. This $600 boost is called Federal Pandemic Unemployment Compensation and lasts until July 31, 2020
  5. In accordance with applicable state statutes. XX. Severance Pay After 10 years of service, payment of $1,000 plus $20.00 for each additional calendar month of employment after the tenth year. The maximum payment is $3,000. XXI. Unemployment Compensation & Social Security As provided by law
  6. You would contact your state's unemployment insurance program to apply for unemployment benefits. Certain limitations apply as to the amount you're eligible to receive, and they can vary by state. For example, New Jersey provides benefits of up to 60% of your average pay, capping out at $713 a week as of 2020, not including the extra $600 provided for under the Coronavirus Aid, Relief, and.
  7. In addition, where an employer has a pre-existing non-competition agreement in place which already includes a provision for the payment of reasonable compensation to the employee, the proposed reform will not have any effect on this type of agreement provided that the compensation has been paid (even in part) before the entry into force of this.

Work and Earnings During a Week that you Claim Benefits. Severance Pay, Vacation Pay, Holiday Pay, and other Nonwage Payments. Pensions. Jury Duty. If you plan to go out of state to seek work, call 1 800-593-7660 for guidance. Once given permission, you may file in another state for one or two weeks. It provides extra weekly. State of Ohio unemployment benefits are capped at weekly payouts of $424 and are determined based on how much you earned with your last employer. Ohio unemployment weekly claims are necessary to receive your benefits. The state uses this information to determine you are searching for work, and failing to file them will end your benefits

Unemployment Compensation Process doe

Income that may affect benefits. In addition to earnings, other income from current or past employment may affect benefits. When you first apply, and every week you make a request for payment, you are asked if you applied for or are receiving other types of income. The most common types of income that may affect unemployment benefits are listed. The minimum weekly PUA benefit amount is 50% of the average weekly payment of regular compensation in the state, as provided quarterly by the Department. In addition, $600 from the Federal Pandemic Unemployment Compensation program is available weekly to PUA beneficiaries for 16 weeks or through July 31, 2020, in the same manner as state.

Unemployment Benefits Comparison by State

determining your eligibility for unemployment benefits. Public Law 98-369 provides for a sharing of income and eligibility verifi - cation information among certain state agencies. If this information is requested by any of these agencies, it will be provided to them. In addition, unemployment compensation information may be requeste In addition, the CARES Act provides for state and local governmental entities, certain nonprofit organizations, and Federally recognized Indian tribes that make payments in lieu of contributions to their state's unemployment fund to be reimbursed at 50 percent for payments made on benefit claims from March 13, 2020 to December 31, 2020 Updated April 29, 2020 Webinar On April 13, THLA hosted a webinar with experts at the Texas Workforce Commission (TWC). We asked the TWC questions about applying for unemployment benefits, employee eligibility, employer unemployment tax liability, partial benefits, and more in response to the COVID-19 coronavirus crisis. View a video recording of the webinar here, [

Why Employers Might Want to Provide Severance Pa

  1. Employees have taxes taken out of their earnings, including social security and unemployment compensation benefit taxes, while independent contractors do not have deductions from their income. An employee will also receive a W-2 at the end of the year for federal and state tax filing purposes, while an independent contractor receives a 1099 form
  2. imum standard of protection ensured by the laws of the.
  3. The severance payments and unemployment benefits are calculated based on the average of the total remunerations of a salary nature received in the last six months of work prior to dismissal.
  4. Participation in one of the Supplemental Group Life Benefit Plans is a requirement for eligibility. Employees pay the full cost of premium. Coverage (Option A or B) provided is: Spouse, five thousand dollars ($5,000) or ten thousand dollars ($10,000). Children, two thousand dollars ($2,000) or four thousand dollars ($4,000)

In addition to unemployment benefits, there a certain other forms of assistance available to state employees. US bank has agreed to assist laid-off government workers by giving them a month's reprieve on their loan payments. AFSCME Council 5, one of the state's public employee unions, has established food drives After you first qualify for benefits, you will need to meet some additional requirements in order to keep receiving them. Some workers, like school employees and business owners, have their own unique qualifications. If you are self-employed and do not pay for Unemployment Insurance through your paycheck, you may not be eligible for benefits

How to Get Your Extra $300 in Unemployment Benefit

Important Considerations in Implementing Workforce Furloughs. April 6, 2020. Click for PDF. In the current environment, many businesses have faced a precipitous drop in demand for their goods and services. At the same time, economic and public health circumstances continue to change and legal frameworks continue to evolve in response Updated Department of Labor guidance recently confirmed that the extra $300 or $400 weekly FEMA unemployment benefits are subject to federal income tax. Americans who don't plan for the tax.

Extended Benefits Programs Department of Labor & Employmen

  1. Arizona, through its CARES Act extension program, has established unemployment benefits for state residents. Sick Leave Rules. Arizona requires all employers to provide paid sick to employees who.
  2. Depending on the laws of a particular state, an individual is usually permitted to collect unemployment benefits during the period in which they are temporarily laid off if their employer is not already paying them in full for a mandated layoff period. This may be true even in instances where a business regularly plans for seasonal layoffs
  3. Effective January 1, 2021, Colorado requires that all employers with 16 or more employees grant paid sick leave to employees. On January 1, 2022, paid sick leave obligations will apply to all.
  4. al litigation in two ways: first, when dividing a lawsuit into two or more parts, and second, when deciding to try multiple defendants' cases separately
  5. State Income Tax: Statewide rate between 2-5.75% depending on income, plus a flat county or city tax rate of 2.25-3.2% depending on location. Supplemental Income Tax: Ranges from 3.2% to 8.95% on bonuses, commission, and severance pay. Unemployment Tax: Ranges from 0.3% to 7.5% and applicable to the first $8,500 in wages. Step 5: Process Payrol
  6. Vacation pay is a type of fringe benefit in the state of Nebraska and considered wages. Prohibited by state law. Employers are liable to pay separating employees any earned, unused vacation time. Nevada : Not addressed by state law. Not addressed by state law. Employers may restrict the payment of accrued, unused vacation pay at the time of.

COVID-19 Unemployment FAQs for Claimants. Apply for Unemployment Benefits. Online Benefit Services Logon - Creating a username and password and accessing online services. 1099-G Tax Forms (W-2) - How to access your income tax statement for unemployment payments. Applying for Benefits - Process to apply the first time or if you've filed before An employee is entitled to benefits under the Workmen's Compensation Act BE 2537 (1994) in case of an occupational disease or a work accident where the employee is unable to work for more than three consecutive days. This benefit equals 60% of the monthly wage (with a cap amount on the monthly wage)

Termination, Earned Wages, and Severance Pay Employment

Pennsylvania State Employee Leave of Absence for Military Duty: State employees receive 15 days paid military leave per year. In addition, they are entitled to unpaid leave of absence without loss of seniority or efficiency rating on all days in excess of 15 days per year during which they are engaged in training or other military duty under. Affected by COVID-19. The federal stimulus bill that extends CARES Act unemployment benefits was signed into law. Visit the COVID-19 info page for the latest info.. More helpful links. Self-employed and independent contractor If you feel there is a discrepancy in your payment amount, please call the Claim Center at 307-473-3789. I was laid off due to COVID-19. My employer called yesterday and said they were planning to reopen in 2 weeks but I was offered way less money to come back

Unemployment Compensation doe

It depends. If you earn less than your weekly benefit amount, you may be eligible to receive partial UI benefits. Each claimant will have a unique weekly benefit amount, based on their prior earnings. For reference, the maximum weekly benefit amount in Tennessee is $275. My employer has temporarily closed due to COVID-19 Hedrick Weekly April 19-25 - Sine Die Edition. Posted on. April 27, 2021. by Greater Spokane. At 6:10pm on Sunday, April 25, the first year of the 67 th Washington State Legislature came to an unceremonious close, much as it began. The capitol buildings and their few occupants remained closed to the public and lobbyists, protected by chain. Unemployment insurance in the United States, colloquially referred to as unemployment benefits, refers to social insurance programs which replace a portion of wages for individuals during unemployment.The first unemployment insurance program in the U.S. was created in Wisconsin in 1932, and the federal Social Security Act of 1935 created programs nationwide that are administered by state. (This excise tax is in addition to federal and state income taxes, and FICA tax the employee has to pay on that compensation.) If the unreasonable portion is not repaid promptly after the 25% tax is imposed, section 4958(b) provides for an excise tax equal to 200% of the unreasonable portion G. L. c. 151A, § 1(s). The unemployment compensation statute refers to severance pay as remuneration. However, the term severance pay was added by the Legislature only after the Supreme Judicial Court had held that, in the absence of that language, remuneration did not include severance pay. Compare Bolta Prods. Div.

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