Press "Enter" to skip to content

Warning: If You Are Offered Your Old Job Back

b5c01n5 0

Some people may be tempted to stay on unemployment instead of returning to work—at least through the period where FPUC provided that extra $300 per week, in addition to each state’s regular unemployment payment. Be wary of following that approach. And remember, the benefits are only available until early September 2021.

Businesses who received loan forgiveness under the Paycheck Protection Program (PPP) have been pushing for an answer to whether they would lose loan forgiveness if laid-off employees refuse to return when offered their old jobs back (the extra payments mean many are making more on unemployment than they did at work). The Treasury Department issued an FAQ saying this would not happen if they make a good-faith, written offer to rehire a laid-off employee (same hours, same wages) and have documented evidence of being turned down by the employee.

But here’s what that FAQ also said: “Employees and employers should be aware that employees who reject offers of re-employment may forfeit eligibility for continued unemployment compensation.”14 In other words: Refuse to go back, and you could lose your unemployment insurance.

Interested in an accessible trading environment? FBS can help you get the best trading experience. With more than 17 million clients in 150 countries, FBS makes it easy to enter the market and boost your trading skills. You’ll also enjoy a Level Up Bonus of up to $140 when you open an account. Learn more about the advantages of trading with FBS and get started now.

Leave a Reply

Your email address will not be published.