The following payments are considered wages for the purpose of determining a claimant's monetary eligibility for benefits: Any wage received for covered employment as defined by the Unemployment Insurance Law; Holiday pay; Vacation pay; and Special pay. Payments Not Considered Wages. The following payments are not considered wages for the purpose of determining a claimant's monetary eligibility for benefits: Severance pay, dismissal pay, wage continuation, or pay instead of notice of termination; and Pension. Holiday pay, vacation pay, and special pay shall be considered wages for the purpose of determining a claimant's monetary eligibility at the time the payments are made even if the pay is attributed to a different time for benefit purposes.