Hi, thanks for submitting your question today - I'm assuming you meant to state they offered you severance pay for a year (not 8 years). A year severance is a fairly generous offer these days. Unless you have a strong case against the employer, you'd probably want to accept it. For example if you have a blatant age, race, gender discrimination
case or were not paid a significant amount of overtime, these may give you reason to second guess a decision to accept the offer. If you have no suspicion that there was foul play in your termination
, then seriously consider accepting the offer. Employment termination claims are tougher to win than portrayed in the media and much tougher than most people realize. You would not be eligible to collect unemployment in most cases where you are collecting severance pay; if you are collecting your full wage
in severance you most certainly would not be eligible for unemployment compensation.
Let me know if you have any further questions or follow up matters on this.
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