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What does the term redundancy insurance refer to?
Redundancy insurance is known as accident, sickness, unemployment insurance. Redundancy insurance is designed to pay you monthly benefits if you lose your income from accidental and sickness.
What happens to the money in an unemployment compensation account when a business closes?
When a business closes, any funds in its unemployment compensation account are typically used to pay out unemployment benefits to eligible employees who have lost their jobs. The state unemployment insurance system may draw from this account to cover claims filed by former employees. If the account has insufficient funds to cover these claims, the state may use general funds or increase rates for remaining businesses to ensure benefits are paid. Ultimately, the goal is to support displaced workers during their transition to new employment.
How are the health care options are different from part-time or freelance employees?
Freelancers are not employed, therefore, they don't get to receive employment benefits like health insurance, retirement benefits, unemployment benefits, etc. Freelancers, however, are free to choose a health insurance provider of their choice and pay for it using their freelance earnings. The options will depend on whatever health insurance package is affordable to freelancers.
What does insurance premium mean?
The premium is the cost that you must pay to have the insurance.
Why did businesses pay employees low wages and make employees work long hours?
To make more profits for themselves.
How is state unemployment funded?
Employers deduct a portion of employees' paychecks to deposit into an unemployment insurance fund each pay period.
Does a S-Corporation have to pay unemployment insurance?
Yes, an S-Corporation is generally required to pay unemployment insurance taxes for its employees. However, the corporation itself does not pay unemployment taxes on the income of its shareholders who are also employees, as long as they are actively working and receiving wages. Each state may have specific rules and rates, so it’s important for S-Corporations to comply with local regulations regarding unemployment insurance.
Do self employed people have to pay unemployment insurance?
No. Because the only people qualified to receive the benefits are the employees the owner hires. The owner is not eligible for unemployment.
Where do you pay unemployment insurance if employees work off site and from home in the state they live or where the company is based?
As the employer, who is responsible for paying the payroll tax from which the state collects funds for unemployment benefits, you'd pay in the state where your company is based. Employees pay no unemployment insurance, but can file in the state where they live and that state will act as the "agent" state, in their behalf, and assist them collecting from the "liable" state.
Can you collect unemployment after being let go from working at a church?
Not unless your church organization voluntarily elected to pay unemployment insurance. Churches, even the conglomerates, are not required to pay unemployment insurance and most do not. They are required to tell you when they hire you that they do not pay into the system. Even if you work for a church on the social service or financial side, they still do not pay unemployment insurance and you do not qualify for unemployment if they lay you off. Some churches act responsibly and pay into the system or allow their members to draw unemployment from the state and reimburse the state for the benefits. Most do not. Unfortunately in this recession, churches are laying off more employees than in previous times and without any severance these employees have no safety net. I am one of these employees and have been without income for six months. Never will I ever work for a church again.
Do unemployment taxes have to be paid by someone who only has part time employees?
Yes, you have employees, so you pay.
What does SUI on a pay stub mean?
Its State Unemployment Insurance
Do congressmen pay for health insurance?
They pay premiums for their health insurance, as do other Federal Employees.
Who pay the health insurance for employees?
This depends on the company and its policies. Sometimes the company pays half and employees pay half. Sometimes, company pays full amount and sometimes, there are no insurance benefits for employees.
Can charges be filed against an employer that does not pay into unemployment benefits?
no he has to have so many employees to have to do that
Does California pay health insurance?
No
Why don't non-profit organizations have to pay into the unemployment insurance funds?
cause
