Legal Question in Employment Law in Virginia

I was laid off and I have been collecting unemployment. Unemployment does not cover my bills so I have had to deplete my savings. Now in order to pay my bills I need to make a draw from my IRA. Does an IRA distribution affect my ability to collect my unemployment benifit?

Asked on 3/08/12, 5:47 am

1 Answer from Attorneys

Michael Hendrickson Law Office Michael E. Hendrickson

0 users found helpful

0 attorneys agreed

Probably not since one's eligibility for unemployment

compensation benefits is generally not subject to what is known as

means testing.

Answered on 3/08/12, 7:38 am

Mark as helpful

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