WelcomeThe Funds Administration consists of the Second Injury Fund, the Silicosis, Dust Disease and Logging Industry Compensation Fund, and the Self-Insurers' Security Fund. The Funds Administration is managed by a board of three trustees. Two of the trustees are appointed by the Governor with the advice and consent of the Senate. One represents employers authorized to act as self-insurers in Michigan, and the second represents the insurance industry. The third trustee is the Director of the Workers' Compensation Agency.
All money used to operate the Funds Administration is collected from assessments against insurers who write workers' compensation policies in the State of Michigan, and employers who self-insure their workers compensation liability. These assessments cover all benefits paid by the Funds Administration, and all administrative costs.