How does severance pay affect your claim for unemployment benefits with North Carolina’s Employment Security Commission?

First of all, what is severance pay. Severance pay is the money or benefits you receive as compensation when your employer terminates your contract. Each company has different way of calculating it based on the number of years you have worked with them, your salary, your position, loyalty and dedication. Employers have no legal requirement to give you a severance pay, it is an agreement between you and your employer based on goodwill.

Newer Posts »