Sunday, December 4, 2011

I need help finding my "base period" for unemployment benefits?

I think I'm over thinking what I'm trying to find. Here's what I'm looking for:





Unemployment insurance benefits are based on wages paid for insured work in a one-year period called a "base period." The base period is the first four of the last five completed calendar quarters that are prior to the date of the initial claim, not the date you become unemployed.





My last day of work is March 29th, 2010 then I'm laid off so what months would be my base period?





Being laid off sucks :( Thanks for the help.|||Calendar quarters are Jan - Mar, Apr - Jun, Jul - Sep, %26amp; Oct - Dec.





If you are laid off on March 29th you may need to do some careful planning first since you are at the tail end of a calendar quarter. Your decision on when to file COULD significantly affect your benefits!





If you apply in March of 2010, your base period would be Oct, 2008 - Sep 2009. Oct 2009 - Dec 2009 is the most recent completed quarter so count back 4 quarters from the beginning of that quarter to get your base period.





If you apply in April 2010, the whole thing moves up one full quarter so your base period becomes Jan 2009 - Dec 2009.





Here's why your timing is so important now. Your benefits are based upon the total pay you received in the quarter during your base period that you earned the most income.





If your income for Oct 2008 - Dec 2008 was higher than Oct 2009 - Dec 2009 and was also the highest of all other quarters in between you want to apply by March 31, 2010.





f your earnings for Oct 2009 - Dec 2009 were the highest of all quarters since Oct 2008 you want to hold off filing until April 1, 2010 or later.





If the quarter with the highest earnings fell between Jan 2009 and Sep 2009 then it's a wash either way so you should apply ASAP upon losing your job since benefits cannot be paid for any time prior to the date that you file your original claim.|||You're welcome. TFTP.





BTW, wages are always gross for all calculations.

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|||Claim after April 1; then your base period would be January 1, 2009, through December 31, 2009.

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