about 401k and pa unemployment

i,m collecting pa unemployment. i was terminated from my job. i have a 401k plan that allows me to take a lump sum payment, rollover, or both. if i don’t do anything, because its more than 5,000, it won’t do anything till im 62. i’m 54 now. i want to know, if i take a lump sum, will it affect my pa unemployment?

Asked on June 3, 2009 under Employment Labor Law, Pennsylvania


MD, Member, California Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

Not necessarily.  Your unemployment replaces your salary --- your 401k is retirement.

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