Illinois - ABP or should I delay filing?
I finished grad-school in May and began working full-time in October 2011. Yestersay I received notice that I will be laid off early February 2012. Prior to this position, and while in school, I was employed very part-time by another agency.
My spouse has stable, but limited income, and I guess, we made the mistake of accepting a job that required me to own a vehicle, as I now have an auto-loan, insurance and private-student loans to contend with, and very little to fall back on.
After reviewing the hand-book and comments regarding eligibility and base-periods, it would appear that - if I were to file, for unemployment in February,my eligibility and weekly benefit amount would initially be determined by the base-period where I was employed part-time.
Looking at my paystubs, it appears that I will have earned enough, through part time employment during the last two quarters, (April 2011-September 2011) to qualify for unemployment benefits, for the minimum amount awarded. -enough to pay my student loan
If both full-time and part-time employment are taken into consideration, and my base-period is calculated from (July-December 2011), I would qualify for 1.8x the amount above. - this would be enough to cover my auto-loan, insurance and student-loan.
If only full-time employment is taken into consideration, then, unless the current quarter is taken into consideration (October 2011-March-2012), I will not have earned enough to qualify at all. Were that income to be considered through ABP, my unemployment benefit would be 2.5x the minimum amount. - this would be enough to cover cobra, auto-loan, insurance and student-loan.
If I am reading the rules right, it looks as if I might be better off, delaying my application for unemployment benefits until April, allowing for my full-time wages to be calculated as part of my base-income. Does that sound about right?