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Unemployment Compensation (UCX)

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Presentation on theme: "Unemployment Compensation (UCX)"— Presentation transcript:

1 Unemployment Compensation (UCX)
Element 44

2 Purpose Provide you with:
An overview of unemployment compensation benefits you will probably be eligible for after separating A quick way to estimate how much you will receive The typical application process Links to state-specific information

3 How much will you get? Ballpark figure: One half of your weekly wages for between 20 and 26 weeks … up to a maximum weekly benefit that varies by state TX: $494 OK: $490 CA: $450 NE: $408 VA: $378 NC: $350 FL: $275

4 For how long? Most states: 26 weeks Mass: 30 Arkansas: 25 NC/SC
MO/MI: 20 Georgia: 18 Florida: 12

5 Quick calculation $2,314 X 12 $27,770 = $267/week 104 104
Monthly base pay during base period X 12 104 $2,314 X $27,770 = $267/week

6 In more detail Count back five quarters, ignore the most recent quarter, find the highest paying 1or 2 quarters (or find the average of 4 quarters), and calculate 1/2 of your weekly wage during that period. July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept 2016 2017

7 In more detail Retirement or separation pay may affect your unemployment compensation in some states You can no longer draw unemployment compensation and the GI Bill at the same time You must have an Honorable Discharge You can file a claim the day after the date on line 12b of the DD Form 214

8 Applying Find your state UI office at careeronestop.org

9 Applying Familiarize yourself with the process and rules
Amount of benefits How the base period is calculated Waiting period (typically one week) Registration requirements Job search and reporting requirements (including when you obtain a steady job) How part-time work is handled

10 Applying If married, determine your spouse’s eligibility
File for benefits Comply with the rules Keep looking for work! Don’t become toxic to employers

11 Questions?


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