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This Just In.

Publication: Crain's Detroit Business
Publication Date: 23-MAY-05 		Format: Online
Delivery: Immediate Online Access
Full Article Title: This Just In.(Bankruptcy of Simplified Employment Services Inc., )

Article Excerpt
Unemployment fund lost $10M from SES bankruptcy

Michigan's unemployment-insurance trust fund is out nearly $10 million because of the bankruptcy of Simplified Employment Services Inc., the Michigan Unemployment Insurance Agency said Friday.

The agency has been investigating SES for avoiding the payment of state unemployment taxes - a practice known as SUTA, or State Unemployment Tax Act, dumping.

The agency, however, does not expect a return on the claims. In addition, the state's unemployment-insurance trust fund must absorb an additional $8 million in jobless benefits paid to former SES employees, who became unemployed when SES and its 11 affiliated companies became insolvent and shut down.

Auburn Hills-based SES, one of the nation's best-known professional employer organizations, filed for bankruptcy in 2001. Its remaining contracts were sold in June 2002 to Troy-based Troy Design Inc.

- Brent Snavely

State ranked friendliest to black business

Michigan has been ranked No. 1 among the "Friendliest States to Black Business,'' according to a report commissioned...

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