Difference between revisions of "Benefit Period of Employment Insurance (8:V)"

Benefit Period of Employment Insurance (8:V) (view source)

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 It is important to note some income, while generally considered earnings, will not prevent an interruption of earnings.  For example, the fact that a worker receives severance, pay in lieu of notice, or vacation pay after getting laid off will not delay the interruption of earnings. The claimant should still apply for EI as soon as possible after they stop working to make sure their application is not late, even if the money they get from the employer due to the layoff may delay the start of their actual EI benefits..
-Income regarded as earnings is “allocated” pursuant to s 36 of the EI Regulations.  This is usually done at the claimant’s regular weekly rate of pay.  Such allocation may delay the start of benefits by the number of weeks the earnings can be allocated to.  For example, if a person normally earns $500 per week, and receives $1000 severance pay, their claim will be delayed for an additional 2 weeks after they stop work.  This is because it will notionally take two weeks to “use up” the $1000, as the claimant usually makes this amount in two weeks.
 Though the claimant will need to wait until the money is used up before being eligible to receive benefits, they '''must still apply for EI immediately'''.  The benefit period will be extended to make up for the weeks it takes to use up these earnings.