Iowa SSB1110 amends unemployment benefit rules to reduce benefits for individuals receiving separation payments.

Iowa SSB1110 modifies the unemployment benefits system by reducing benefits for individuals who receive separation payments such as severance pay or dismissal pay. If the amount of these payments exceeds the benefits the individual would otherwise be entitled to receive, the excess amount will be deducted from future benefits until the total benefits reduced equal the total amount of the separation payment received. This change applies to payments received on or after the effective date of the bill.

Iowa SSB1110 amends unemployment benefit rules to reduce benefits for individuals receiving separation payments.

Iowa SSB1110 modifies the unemployment benefits system by reducing benefits for individuals who receive separation payments such as severance pay or dismissal pay. If the amount of these payments exceeds the benefits the individual would otherwise be entitled to receive, the excess amount will be deducted from future benefits until the total benefits reduced equal the total amount of the separation payment received. This change applies to payments received on or after the effective date of the bill.