2006-08-31 04:57:58 · 18 answers · asked by Anonymous in Business & Finance ➔ Insurance
That is how the other bums get unemployment. They work 3 hours every few months and live off unemployment. Just kidding. They are probably hard working people just like you that happened to fall into bad times. Even if someone else is using "your money," you would use someone else's when your time comes.
2006-08-31 05:00:19 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It depends on what state you live in, but generally it goes to someone else who files a claim. You don't get a refund when you retire or anything. All the money goes into an "account" and it is distributed to those filing claims.
2006-08-31 12:00:23 · answer #2 · answered by Sam Sneed 3 · 0⤊ 0⤋
It's a government insurance program, and the employer is the one who pays into it . . . it goes to pay unemployment benefits for the people who put in claims for it.
2006-08-31 15:06:26 · answer #3 · answered by Anonymous 7 · 0⤊ 0⤋
To pay the people who file claims and to support the bureaucracy that administers the claims. What's left goes for employment programs.
2006-08-31 12:01:52 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Hi, It seems to me that employees don't pay unemployment insurance, the employer does. It is so if you are laid off or the business closes you can collect until you find another job. I know when I closed my business that I told my employees to get down and sign up. I had been paying into it and it was theirs since I had to shut down.
2006-08-31 12:02:39 · answer #5 · answered by arthurbel33 4 · 0⤊ 0⤋
It goes to some else's unemployment. Be gald if you never have to use it but realzie that lazy bumb that won't go out andf find a job is living off your pay.
2006-08-31 12:01:10 · answer #6 · answered by Slubs 1 · 0⤊ 0⤋
Actually, you are not paying into the same fund that pays unemployment claims. Check with your HR dept, they will explain it to you.
2006-08-31 12:00:19 · answer #7 · answered by Jenyfer C 5 · 0⤊ 0⤋
It goes into a large bankk account and gets withdrawn by the people that do file a claim. You snooze, you lose.
2006-08-31 11:59:11 · answer #8 · answered by Penelope's Mom 3 · 0⤊ 0⤋
To all the people who do file claims - other goverment programs. Its just like auto insurance, if you need it, its there, if not - it goes into outer space
2006-08-31 12:03:31 · answer #9 · answered by honeyinthelexus 3 · 0⤊ 0⤋
It goes to pay OTHER people's claims. That's how all insurance works. You pay into it in case something happens; if nothing happens, you've paid for nothing but your peace of mind, which is the whole point.
2006-08-31 11:58:56 · answer #10 · answered by MOM KNOWS EVERYTHING 7 · 0⤊ 1⤋