Establishes the "Unemployment Administration Adjustment Fund"

Summary

The bill creates the Unemployment Administration Adjustment Fund, which is financed by a 0.05% charge on employers’ taxable wages. The money is used only to cover the costs of running Missouri’s unemployment insurance program and cannot replace federal funding. The state treasurer manages and invests the fund, and any leftover balance stays in the fund.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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