New Hampshire Severance Compensation Program

State:
Multi-State
Control #:
US-CC-15-148J
Format:
Word; 
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Description

This is a Severance Compensation Program, to be used across the United States. A severance program provides for a compensation plan following either the firing or laying off of an Employee. It should be used as a model and be modified to fit your own particular needs.
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FAQ

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.

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New Hampshire Severance Compensation Program