The State Senate has given preliminary approval to a bill aimed at keeping the unemployment fund solvent. In short, it allows for the state to sell bonds to cover any shortfall. Senator John Loudon of Ballwin sponsored the version of the bill that passed. He says this helps take the burden of solvency off Missouri’s employers who end up paying for shortfalls through increased premiums to the fund. In passing this legislation, the Senate took out a controversial part of the bill that would have seen unemployment benefits denied to anyone dismissed as a result of drug or substance abuse. One more positive vote is needed in the Senate before the measure can move to the House.
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