Missouri bill would renew shared-work program

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JEFFERSON CITY, Mo. (AP) - Missouri lawmakers have approved the renewal of a program that helps avoid job layoffs by subsidizing employers to keep people on the payroll in a part-time capacity.

The bill given final approval Friday would put Missouri in line with new federal requirements for the shared-work unemployment program.

Under the program, businesses can agree to reduce the hours that employees work instead of laying them off, and the employees then can receive a reduced amount of unemployment benefits.

The state labor department says 372 businesses participated in the program during the 2013 fiscal year, affecting nearly 30,000 workers.

Missouri’s program will end in August if it no longer matches federal law.

The state could get an additional $2.5 million in federal funds by bringing the program into federal compliance.

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Shared work bill is SB844.

Online:

Legislature: http://www.moga.mo.gov

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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