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Have you ever wondered how much you would get if you filed for unemployment benefits today? If you live in Missouri, with its 9.2 unemployment rate, it is unlikely you haven’t asked yourself that question at least once..
What happens if you work part-time? Or if your work hours are reduced? Do you still get benefits? And if you do, how much? This series of articles will look in some detail in how the Labor Department of Missouri works out your unemployment benefits payments.
Minimum financial requirements for unemployment benefits in Missouri.
To qualify for unemployment benefits in Missouri you must meet the following requirements:
- You must have earned at least $2,250 in any one of your base period quarters and a minimum of $750 in the rest of you base period.
You must also:
- Show your total base period income is at least 1.5 times your highest earning quarter.
Or alternatively,
- Make $19,500 or more during two of your four months.
If you meet these requirements and were fired due to no fault of your own, you will qualify for full unemployment benefits. This includes regular benefits (26 weeks), Emergency Unemployment Compensation and Extended Benefits (73 weeks). You can receive a total of 99 weeks of unemployment benefits, as long as Missouri continues with an unemployment rate of over 8.5 percent. Why is Tennessee’s unemployment rate relevant. We explain in the next post of this series of articles on Tennessee UI entitlement.
Now we understand the basic financial requirement to qualify for unemployment benefits we are ready to get into the details of calculating your UI benefits. To start with, we must define a few terms which are particular to unemployment insurance agencies jargon.
BASE PERIOD
Your base period is a 12-month period used to calculate your unemployment insurance benefits. It comprises the first 12 months of the last 15 months starting from the date you file your initial claim. Your base period is divided into four quarters. These are quarter 1 (January to March), quarter 2 (April to June), quarter 3 (July to September) and quarter 5, (October to December). Armed with this information you can now calculate your future unemployment benefits. Click here to read on.
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