Unemployment Insurance

marky.fitz

Hi All

Does anyone know how I stand (or been in a similar position).

I'm in the process of agreeing and signing a compromise agreement once the figures have been finalized. I currently have Unemployment Insurance (through Synergy).

By signing the compromise agreement will this in any way effect whether I am able to claim unemployment insurance (i.e. are there likely to be any clauses hidden away in the terms and conditions regarding compromise agreements and the ability to claim)?

I've been through the small-print and can't seem to find anything.

Thanks in advance for any help or advice.

Mark

markandkate

Much will depend on what the company say about the end of your employment. if it is not too late try talking to the insurance company anonymolsly with a hypothetical situation and then ask for that to be included in the compromise agreement

jimmyay

i am in a similar position. What happened with your claim in the end - did you pursue it?

Queen-Bee_2

Sometimes compromise agreements will state that the reason for the termination of the employment was redundancy. That helps.

Advocatus

Having a compromise agreement will not, per se, void your redundancy policy in the majority of cases - I can't see a situation were it would. The policy will "kick in" upon redundancy (or any other agreed terms within the policy). As long as you can prove that you were made redundant, the policy will pay out.

The compromise agreement will make note of the fact that you were made redundant, but even if it does not that is not a problem. In any event, a compromise agreement is a confidential documents and there will be a term that states you are not to disclose the terms of the agreement to anyone. A compromise agreement should not be relied upon as evidence of redundancy.

All you need is a letter from your employer confirming that your employment has terminated by reason of redundancy. There should be no issues with them providing this letter.