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Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
As a part of the department's re-organization, two commissions were formed in the department, the Workers’ Disability Compensation Appeals Commission and the Unemployment Insurance Appeals Commission. The Michigan Strategic Fund's board was restructured. The formerly defunct State Lake Bank Fast Track Authority was re-formed. [6]
The Unemployment Insurance Act 1920 created the dole system of payments for unemployed workers in the United Kingdom. [8] The dole system provided 39 weeks of unemployment benefits to over 11,000,000 workers—practically the entire civilian working population except domestic service, farmworkers, railway men, and civil servants.
At some point after they stopped receiving those benefits, Michigan's Unemployment Insurance Agency flagged their claims for fraud. Cole, for example, was told she owed the agency $29,000.
The Federal Unemployment Tax Act (or FUTA, I.R.C. ch. 23) is a United States federal law that imposes a federal employer tax used to help fund state workforce agencies. Employers report this tax by filing Internal Revenue Service Form 940 annually.
Michigan Center for Data and Analytics. On September 21, 2022, the Bureau of Labor Market Information and Strategic Initiatives (LMISI) was renamed to Michigan Center for Data and Analytics (MCDA) under Executive Order 2022-11. MCDA provides Michigan with the expertise to analyze large datasets, understand challenges, and evaluate solutions.
On January 17, 2013, Governor Rick Snyder ordered that the Office of Financial and Insurance Regulation (OFIR) be transfer out of the Michigan Department of Licensing and Regulatory Affairs to form a new principal department, the Michigan Department of Insurance and Financial Services, effective March 19, 2013. [3]
Minimum insurance requirements: Drivers must carry at least a minimum of 50/100/10 liability insurance, Personal Injury Protection (PIP) and Property Protection Insurance (PPI). The state’s ...