§ 22-4-15-8 — Private unemployment benefit plans

Notwithstanding any other provisions of this
article, benefits otherwise payable for any week under this article shall
not be denied or reduced on account of any payment or payments the
claimant receives, has received, will receive, or accrues right to receive
with respect to or based upon such week under a private unemployment
benefit plan financed in whole or part by the claimant's employer or
former employer. No claim for repayment of benefits and no deduction
from benefits otherwise payable under this article shall be made under
IC 22-4-13-1(d) and IC 22-4-13-1(e) because of payments which have
been or will be made under such private unemployment benefit plans.
However, a payment of private unemployment benefits that is
conditional upon the signing of a release of employment related claims
against the claimant's employer is severance pay and is deductible
income as prescribed by IC 22-4-5-2.
Formerly: Acts 1947, c.208, s.1509; Acts 1957, c.129, s.2; Acts
1959, c.241, s.1. As amended by P.L.144-1986, SEC.104;
P.L.108-2006, SEC.27; P.L.121-2014, SEC.15.