This will include Social Security payments made on account of age, disability or self-employment. The Department will not deduct Social Security payments which are not based on the claimant's previous work, such as Supplemental Security Income. The pensions are deductible irrespective of whether the claimant's base year employment affected the eligibility for, or increased the amount of, the pension. The Department will not deduct periodic payments which are made under severance agreements, profit sharing arrangements or disability plans administered by a union, employer, workers' compensation carrier, insurance company or the Veterans Administration, unless the payments are based on retirement and fulfill the other prerequisites specified in this chapter. The Department will make no deduction for a week in which the claimant is eligible for the periodic payments but receives no payment reasonably attributable to that week.
Initial payments are independent of regular pension payments.
To the extent that they meet the requirements for deductibility in this chapter, the Department will deduct them from compensation otherwise payable to a claimant even if the claimant's regular pension payments are not deductible. The Department will not deduct initial payments if they do not meet the requirements for deductibility in this chapter, even if the claimant's regular pension payments are deductible. The deduction of this initial pension amount will, in the case of lump-sums, be calculated by dividing the initial pension amount by the number of weeks for which the pension is paid. The number of weeks attributable to unused vacation or other payments will not be used in determining the weekly pension amount to be deducted. Lump-sum retirement payments.