Because many pension recipients have retired from the workforce, they might not be eligible for unemployment benefits. For the most part, leaving work voluntarily, such as to retire, makes you ineligible for unemployment benefits. Most states have statutes or case law allowing you to receive benefits if your retirement was compulsory.
Do you get unemployment benefits when you retire?
So when you work after you retire, any additional pension benefits that you are be entitled to may be offset by the pension multiplier reduction. Believe it or not, this actually is good news, for purposes of unemployment benefits.
How are pension benefits affected by unemployment in New York?
Under Section 600 (7) of the New York Unemployment Insurance Law, unemployment compensation benefits will be reduced due to receipt of a pension only if employment during the unemployment eligibility period resulted in an increased amount of pension benefits.
Can you file for unemployment if you are on social security?
Most states such as Georgia, California, etc. reduce the unemployment compensation of those who receive pension payments. This is not to be confused with social security benefits, which are not affected by pension or UI benefits. If you live in Florida or Michigan you should check out how you can file for unemployment benefits.
