In re the Claim of Hager

Appeal from a decision of the Unemployment Insurance Appeal Board reducing appellant’s benefit rate to zero pursuant to section 600 of the Labor Law because he received payment under a pension or retirement plan financed solely by his employer. Appellant, aged 76 and now living in Florida, worked as a traveling salesman for a men’s clothing chain until November 28, 1971 when his employer forced him to retire. Upon this retirement appellant received from the employer’s profit sharing plan a lump sum payment of $29,511. The employer alone had contributed to the plan. The board determined that,…