SB 845 - The act modifies the definition of wages for purposes of employment security law to include termination pay and severance pay. The total amount of wages derived from severance pay, if paid to an insured in a lump sum, shall be pro-rated on a weekly basis at the rate of pay received by the insured at the time of termination for the purposes of determining unemployment eligibility. This provision is identical to a provision in SCS/SB 21 (2023), HB 726 (2023), HB 1115 (2023), and SB 1114 (2022) and substantially similar to SB 183 (2021), HB 756 (2021), HB 215 (2021), SCS/HCS/HB 649 (2021), SB 680 (2020), provisions in SCS/HB 1559 (2020), HB 1921 (2020), SCS/HB 332 (2019), HB 217 (2019), SB 869 (2018), HB 1409 (2018), SCS/SB 189 (2017), HB 288 (2017), HB 150 (2015), which was vetoed by the Governor, and SB 220 (2015).
SCOTT SVAGERA