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EI and severance
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knarf39

Thunder Bay
1 Posts

Posted - 09/29/2007 :  14:39:41  Show Profile
I have recently been permanantly laid off and am getting
severance in May of 2008. I am planning to roll it into
a RRSP.I have applied for EI.Will I have to pay back EI
when I get my severance.Should I take my severance now
or should I wait until may. If I have to pay EI I may as well take it now.I have asked at EI about this and they say I have to pay if I take severance while on EI.What I
am wondering if I get severance after my EI runs out do I
Still have to pay back EI.Has anyone had the same situation I would
like to hear from you. Thanks In advance.

Moderator

Ontario
11860 Posts

Posted - 10/03/2007 :  18:36:04  Show Profile
Hello there,

According to the Canadian Labour Congress website,

"EI and severance (separation) pay

Receiving severance pay can delay the start of an EI claim. The claim can be extended by up to one year.

Severance pay of two years means that no EI claim can be made for that loss of employment.

A delay in the start of the claim will result in an extension at the other end of the same number of weeks.

Severance or separation pay is paid out in a number of different forms. These different forms are handled differently by the EI system."

You can find this information here:

Income support: Employment Insurance
http://www.adjustment.ca/item.shtml?x=190

You can also find additional information as to what is considered "earnings" here:

Employment Insurance(EI) and the various types of earnings
http://www.hrsdc.gc.ca/en/ei/information/earnings_info.shtml

You call the EI Information line to find out if you have to repay if you receive the severance after. You can call them here:

Toll-Free: 1 800 206-7218

If you receive additional information on this situation, please share it with us.

I hope this information is helpful. Please let us know if you have further questions and if there is any follow up to your question/situation.

=====
Anna
Settlement.Org Content and Information/Referral Specialist, CIRS
Settlement.Org

   
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