Unemployment
 

For those that may or may not know.

I have a question about how much you are allowed to receive?
What is the steps to follow to apply for it?
How much of a percentage do you get versus what you were making?

I am starting to wonder if I should have taken the termination or drop down to the lower paying position.

Lets hear about what others know.
thanks

your state should have an unemplyment office. they can tell you how much you'll receive based on your pay. there is a maximum. in MI it was $300 a week, but that was 5 or more years ago. you can't get rich off unemployment.

I think you can get up to 75%. This is true at the lower income levels at least. My employer just laid off a co-worker of mine and thats what he will get. Merry Christmas from a "different kind of company"

Yeah, there is a dollar amount cap, don't know what it is though.

That won't even cover boat gas and beer!!!! What are they thinking? :D :D :D :D

Weekly and Maximum Amount of Benefits: State law sets a maximum weekly amount which can change from year to year. As a general rule of thumb, your weekly benefit amount is approximately one-half of your average gross weekly wage during the base period. More specifically, your weekly benefit amount will be the higher of either:

1/26th of your high quarter wage credits up to a maximum of $350 (effective with new accounts dated 8/4/02 or later), Or:
1/104th of your total base period wages to a maximum of $467 (effective with new accounts dated 8/4/02 or later). To receive the maximum weekly amount of $467, an unemployed worker must have had an average weekly gross wage of $934 based on four quarters of work.

guess i should have done more digging before asking :(
This is not even close to 40% of my then current wage.
I can make this amount being a custodian cleaning ****ters for a living :(

Hugh,

Call the MN Department of Economic Security. They will be able to tell you what you need to know. If you are terminated for cause you can usual NOT draw unemployment. Since you were not terminated you may be able quit and file due to an unreasonable change in working conditions. (significant pay cut and change of status). Give them a call and explane your situation. They will be able to tell you your options.

Besides that, I wouldn't recommend quitting. It's easier to find employment if you're already employed. If I remember correcty, you have a long steady history with your current employer. That steady history goes a long way when the HR people are looking at your resume.

And you will owe taxes on any amount you receive.

Hugh,

Did you see in the paper today that president Bush looks like he is going to extend unemployment another thirteen weeks.

I have been off since May there jest is'nt alot of jobs out there at least in my feild.

And another note you can have them take out some state and federal tax's. And to get the max $467 you have to make a lot I know I was surprised that I did'nt get the max. Best of luck job hunting.;) ;)