House Bill 6589 Summary

• Amends the Michigan Employment Security Act to exclude severance pay under the Relocation, Closing, and Mass Layoff Severance Pay Act from the definition of "remuneration" for unemployment insurance purposes.

• Changes the language in the remuneration exclusions from "either" to "any" to clarify that multiple categories of compensation can be excluded from remuneration.

• Corrects capitalization and formatting of references to Internal Revenue Service Publication 15-A (Employer's Supplemental Tax Guide) for supplemental unemployment benefit plans.

• Takes effect only upon enactment of House Bill 6588 or Senate Bill number to be determined.