In re the Claim of Brainin

Appeal from a decision of the Unemployment Insurance Appeal Board, filed October 11, 1995, which, inter alia, ruled that claimant’s benefit rate should be reduced.

After leaving his position as a technical writer for a contracting company, claimant received a lump-sum retirement payment which, he rolled over into an individual retirement account in lieu of receiving a monthly annuity. The retirement fund from which claimant was paid was fully financed by his employer. After claimant had applied for and received benefits, the Unemployment Insurance Appeal Board rendered a decision ruling that…