MO SB844

Repeals and reenacts section 288.500, RSMo, to establish a voluntary Shared Work Unemployment Compensation Program allowing employers to reduce employee hours instead of implementing layoffs.

Requires shared work plans to reduce normal weekly hours by 20-40% for affected units of at least three employees, with approval contingent on employer compliance with reporting requirements and maintenance of fringe benefits.

Eligible employees working reduced hours under approved plans may receive weekly shared work benefits equal to their regular benefit amount multiplied by the percentage of hours reduction, capped at 52 weeks during the 12-month plan period.

Prohibits approval of plans subsidizing seasonal employers during off-season periods and requires written approval from collective bargaining agents when applicable; the Division of Employment Security must approve or deny plans within 30 days.

Declares the act an emergency measure necessary to conform with federal requirements for shared work compensation programs, effective upon passage and approval.