Quote Quoting cswanson69
View Post
My question involves labor and employment law for the state of: New York

I have lost my job effective March 31. I would like to rollover my lump sum pension and termination money into an IRA. I am 63 yrs old. If I use withdrawals from this IRA for living expenses would these amounts count as income as far as unemployment insurance is concerned? If it matters, both of these monies come from the company's "pension" fund, not payroll money. Thanks for any assistance.
No, they would not count as earned income as they are not earned income. However, the termination money, if its severance rather than pension money, would count.