MO HB1987

Creates a voluntary Shared Work Unemployment Compensation Program allowing employers to reduce employee hours by 20-40% as an alternative to temporary layoffs, with participating employees eligible to receive partial unemployment benefits.

Requires employers to submit written shared work plans for division approval, identifying affected units of at least 3 employees with at least 10% of unit members participating, and certifying the plan would prevent equivalent temporary layoffs.

Extends maximum duration of shared work benefits from 26 to 52 calendar weeks during the 12-month period a shared work plan is in effect.

Establishes eligibility requirements for participating employees including ability to work, availability to work all available hours, and completion of a waiting week as defined in existing unemployment law.

Calculates weekly shared work benefits as the regular weekly benefit amount multiplied by the percentage of hours reduction, with all benefits charged to the participating employer's account.