Meredith Corp. v. Iowa Department of Job Service

LARSON, Justice.

Meredith Corporation contends that under chapter 96, The Code 1977, private retirement benefits paid to an employee in a lump sum must offset unemployment benefits for each month for which it was paid, not just the month the lump-sum payment was received.

The facts are essentially undisputed. Pursuant to company policy, Arvilla Thompson retired from Meredith at age 65. She elected to receive her retirement pension in the form of a lump-sum payment instead of periodic payments. Thereafter she sought unemployment benefits, which were granted by a claims deputy after a…