The New Hampshire Severance Compensation Program is a comprehensive system designed to provide financial support to employees who have been terminated from their employment due to various reasons. This program ensures that eligible individuals receive appropriate compensation to mitigate the financial hardships associated with sudden job loss. Under the New Hampshire Severance Compensation Program, approved applicants are entitled to receive a certain amount of compensation based on their length of employment, salary, and other relevant factors. The program aims to alleviate the financial burden faced by terminated employees and assist them during their transition period. Various types of New Hampshire Severance Compensation Programs are available to cater to the different employment sectors and circumstances. These programs include: 1. Private Sector Severance Compensation Program: This type of program applies to employees working within the private sector in New Hampshire. It aims to provide fair compensation to individuals who have lost their jobs due to lay-offs, downsizing, or other reasons beyond their control. 2. Public Sector Severance Compensation Program: This program is specifically designed for employees working in the public sector, such as government agencies, schools, and public institutions. It ensures that eligible public sector employees receive appropriate compensation in the event of job loss. 3. Industry-specific Severance Compensation Programs: Some specific industries in New Hampshire have established their own severance compensation programs tailored to their unique needs. For instance, programs may exist for healthcare workers, construction industry employees, or those in the hospitality sector. To qualify for any of these programs, individuals must meet certain eligibility criteria, which typically include being involuntarily terminated, having a minimum length of service, and maintaining good standing during their employment. The New Hampshire Severance Compensation Program is an essential safety net, providing financial stability and security to employees during times of uncertainty. It serves as a vital resource for individuals seeking assistance and allows them to regain their footing while they search for new employment opportunities.
New Hampshire Severance Compensation Program
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The weekly benefit amount of Extended Benefits is the same as the individual received for regular unemployment compensation. The total amount of Extended Benefits that an individual could receive may be fewer than 13 weeks (or fewer than 20 weeks).
In order to be eligible for unemployment compensation, an individual: Must be totally or partially unemployed. Must register for work unless you have been specifically exempted. Must be available for work on all shifts customary to the claimant's normal occupation.
It's important to remember that the Determination Of Unemployment Compensation isn't a guarantee of payment. You will usually be contacted with questions about your claim or receive a Determination of Eligibility within 30 days.
Employees who usually work more than 35 hours per week (at all jobs within an establishment) regardless of the number of hours actually worked. Persons who were at work for 35 hours or more during the survey reference week are designated as working full time.
The minimum earnings required for eligibility are $2800 ($1400 each in 2 separate quarters), which would result in a $32 weekly benefit amount. The more earnings in your base period, the higher your weekly benefit amount, to a maximum of $427 for $41,500 or more in earnings.
You may want to consider waiting to open your claim so that the timing will allow you to collect a full 26 weeks of benefits in the Benefit Year you establish. Separation pay (including severance, vacation, holiday, sick, bonus, etc.), is disqualifying in New Hampshire.
Per NH law, one wait week per benefit year must be served by individuals collecting NH Unemployment Compensation, including WorkShare participants, unless they have already served their wait week in their current benefit year. Individuals participating in a WorkShare plan are not required to look for new work.
If you are eligible to receive Unemployment Insurance (UI) benefits, you will receive a weekly benefit amount of approximately 50% of your average weekly wage, up to the maximum set by law. As of October 1, 2023, the maximum weekly benefit amount is $1033 per week.