MI HB5541

Modifies the calculation of average weekly wage for workers' compensation by excluding discretionary bonuses from the calculation

For employers with 50 or fewer employees, overtime hours must be calculated at the employee's regular rate of pay rather than 1.5 times the regular rate when determining average weekly wage

Requires workers' compensation insurers to adjust premium rates for small employers (50 or fewer employees) to reflect the modified overtime calculation, applying lower rates when applicable

The overtime calculation modification and related insurance premium adjustments expire on December 31, 2028

Clarifies that fringe benefits continuing during disability are excluded from average weekly wage, while discontinued fringe benefits are included up to a cap of 2/3 of the state average weekly wage