Certain types of income may delay or reduce weekly benefits. However, the maximum amount of benefits available is not reduced. If you have applied for, or are receiving, any of the following types of income, you must report it to the Minnesota Unemployment Insurance (UI) Program.
Severance pay, wages in lieu of notice, retention pay, or any other payments made because of separation from employment
Vacation / Sick / Personal Time Off (PTO) pay
Pension or 401K payments
If you retire from your base period employer, your monthly pension payments will reduce your unemployment benefits dollar for dollar. Example: A pension of $433 per month = $100 per week, so UI benefits would be reduced $100 per week.
If you retire from your base period employer, a lump-sum pension payment will be treated similarly to severance pay.
Payments from a 401K or other pension plan, will not affect your unemployment benefits if any of these conditions apply:
If the effective date of the Social Security claim for old age benefits is:
If the effective date of the Social Security disability claim is:
Workers’ Compensation or other insurance for loss of wages
Note: If you are not seeking or able to accept suitable employment, you are not eligible for unemployment benefits.
The following types of income will NOT reduce benefit payments:
*Court-ordered child support payments that you are required to pay may be deducted from your benefit payments and sent to the county child support collection agency.