MO HB150

Unemployment benefit duration becomes variable based on Missouri's average unemployment rate, ranging from 13 weeks (when unemployment is below 6%) to 20 weeks (when unemployment is 9% or higher), effective January 1, 2016

Lump sum severance pay must be pro-rated weekly at the employee's termination pay rate when determining unemployment benefits eligibility

Trust fund balance threshold triggering employer contribution rate decreases raised from $600 million to $720 million for a 7% reduction, and from $750 million to $870 million for a 12% reduction

Board of Unemployment Fund Financing required to meet and consider issuing credit instruments when federal advances to the unemployment fund exceed $300 million

Employers have 60 days from the bill's effective date to appeal erroneous experience ratings resulting from company purchases and seek recovery of overpayments for the preceding five years