Missouri HB2285 mandates severance pay for employees in certain layoffs.
Missouri HB2285 requires employers to provide severance pay to employees in specific layoff situations. If an employer conducts a mass layoff affecting 50 or more employees, they must provide severance pay. The severance pay is calculated based on the employee's length of service, with the higher of the average regular rate of compensation over the last three years or the final regular rate of compensation. The bill also outlines exceptions and conditions, such as voluntary departures, misconduct, and seasonal layoffs.
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