A New York Record of Separation from Employment, also known as a Form IA 12.3 or simply as a Separation Notice, is an official document filed by employers in the state of New York to provide information about an employee's separation from their job. This record is required by the New York State Department of Labor (NYS DOL) for various purposes, including unemployment insurance claims and labor market analysis. The New York Record of Separation from Employment captures essential details related to an employee's termination or separation. These details typically include the employee's name, social security number, employer's name, address, and Federal Employer Identification Number (VEIN). Additionally, the notice records the reason for separation, whether it was due to lack of work, voluntary resignation, discharge, or other factors. Employers must accurately complete and submit the Form IA 12.3 to the NYS DOL within seven calendar days of an employee's separation. Failure to do so can result in penalties and fines. This record serves as crucial evidence to determine an employee's eligibility for unemployment benefits. Hence, it is vital for employers to provide accurate and comprehensive information. Different types or scenarios of New York Records of Separation from Employment may include: 1. Lack of work or layoff: When an employee is terminated due to the lack of work or a temporary shutdown of the business, this reason is specified in the record. 2. Voluntary resignation: If an employee chooses to leave a job voluntarily, this record must reflect the employee's decision and reason for resignation. 3. Discharge or termination for cause: When an employer terminates an employee due to unsatisfactory performance, violation of company policies, misconduct, or other negative circumstances, this reason is recorded on the separation notice. 4. Retirement or retirement-related separation: If an employee decides to retire from their employment voluntarily, the record should indicate this as the reason for separation. By maintaining an accurate New York Record of Separation from Employment, employers comply with state regulations and aid the NYS DOL in determining eligibility for unemployment benefits. This document also helps the NYS DOL collect valuable data and statistics concerning job separations and labor market trends within the state.