A plan that enables an employee who is laid off to draw,in addition to state unemployment compensation,weekly benefits from the employer that are paid from a fund created for this purpose is referred to as:

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The plan described here is known as supplemental unemployment benefits, which provide additional financial assistance to laid-off employees beyond state unemployment compensation. The benefit is paid from a fund set up by the employer for this purpose. Severance pay refers to a one-time payment made to an employee upon termination, while leave insurance compensation is a type of insurance policy that provides pay to employees who are unable to work due to illness or injury. Unemployment protection payments are not a commonly used term or concept.

A Plan That Enables an Employee Who Is Laid Off