INDIANAPOLIS (AP) — Indiana workers taking voluntary buyouts will no longer be eligible for state unemployment benefits in Indiana beginning Saturday, and severance pay will be counted against unemployment payouts.
The changes are part of Indiana's plan to pay off a $2 billion loan that the state took from the federal government to continue paying unemployment claims.
Lawmakers approved an overhaul earlier this year of how unemployment benefits are paid out and how much businesses pay in to the system. The new limits on eligibility, coupled with new premiums businesses pay, should put the state's unemployment insurance trust fund back in the black, said Huntington Republican Rep. Dan Leonard.
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