Page 2 of 2 FirstFirst 1 2
Results 11 to 12 of 12
  1. #11
    Join Date
    Jan 2015
    Posts
    1,142

    Default Re: IRA Withdrawal Disqualify from Unemployment Insurance: New York State

    I agree with everything you say, as far as we know from here and from what it sounds like. (Though there is a slight question in my mind about this being from a withdrawal from an employer contribution vehicle and his being old enough to be receiving a pension, and his mentioning needing the money for his current expenses) But he needs to let them tell him this.

  2. #12
    Join Date
    Jan 2013
    Posts
    17

    Default Re: IRA Withdrawal Disqualify from Unemployment Insurance: New York State

    Quote Quoting comment/ator
    View Post
    Though there is a slight question in my mind about this being from a withdrawal from an employer contribution vehicle and
    Not relevant once rolled over.

    Quote Quoting comment/ator
    View Post
    his being old enough to be receiving a pension,
    Age is irrelevant. "Pension" is the operative word. Many people draw pensions at a very young age - i.e. military. Once rolled over, this is not a "pension."

    Quote Quoting comment/ator
    View Post
    and his mentioning needing the money for his current expenses)
    Why he needs the money is not relevant.

    Quote Quoting comment/ator
    View Post
    But he needs to let them tell him this.
    In my view, there is absolutely no need to muddy the waters, confuse the issue, and delay payment of benefits when the money (if rolled over) is clearly not a "pension" as that word is defined under UE law.

    If OP is paid directly a company pension or directly withdraws from 401k, it will be reported on a 1099 - which NY will catch. Rollover IRA's and withdrawals therefrom do not interest the NYSDOL.

    1. Sponsored Links
       

Page 2 of 2 FirstFirst 1 2

Similar Threads

  1. Unemployment Benefits: Will Deposits to or Withdrawals from a 401K Affect Unemployment Eligibility
    By personal rep in forum Employment and Labor
    Replies: 8
    Last Post: 08-31-2015, 12:20 PM
  2. Disqualification: Does Owning a Business That Loses Money Disqualify Someone from Unemployment
    By InfidelRebel in forum Employment and Labor
    Replies: 4
    Last Post: 07-25-2013, 09:01 AM
  3. Denial & Appeals: What Reasons for Voluntarily Quitting Won't Disqualify You for Unemployment
    By leeleelh in forum Employment and Labor
    Replies: 2
    Last Post: 03-06-2013, 10:00 AM
  4. Replies: 10
    Last Post: 06-16-2010, 03:10 PM
  5. Unemployment Benefits: Unemployment Benefits
    By ellamstr in forum Employment and Labor
    Replies: 1
    Last Post: 03-26-2010, 05:32 AM
 
 
Sponsored Links

Legal Help, Information and Resources