The claimant worked for the Emigrant Savings Bank for 40 years until December 31, 1974 when he voluntarily retired and began receiving a monthly pension of $540 per month. The bank was the sole contributor to the pension fund. During 1975 the claimant took a job from another employer, but he was laid off (for nondisqualifying reasons) after six weeks. He thereupon applied for and received unemployment insurance benefits totaling $760 (covering the period from November 24...
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