Section 7-317. PENSIONS AND ANNUITIES

 

317.1In accordance with §7(c) of the Act, the Director shall reduce the benefits payable to an individual with respect to any week by the amount received or applied for with respect to that week as a deductible retirement pension or annuity.

 

317.2The Director shall develop a pension conversion table showing the correlation between the amount received on a monthly basis as a deductible retirement pension or annuity and the prorated weekly amount of the retirement pension or annuity which is reasonably attributable to a week.

 

317.3A claimant whose weekly deductible retirement pension or annuity is equal to or greater than the weekly benefit amount which would be payable to the claimant shall be ineligible to receive any benefits for the week.

 

317.4A claimant whose weekly benefit amount exceeds the weekly deductible retirement pension or annuity amount shall be entitled to receive the difference as a weekly benefit.