Missouri Raises Minimum Wage and Requires Paid Sick Leave
Posted: Dec 4, 2024 | Author:
Cornerstone League
Read time: 31 secs
On election day, Missouri voters cast their ballot to approve Proposition A. The new law will apply to Missouri state and federal credit unions of all sizes.
Proposition A will:
- Increase minimum wage to $13.75 per hour effective Jan. 1, 2025;
- Increase the minimum wage to $15 per hour effective Jan. 1, 2026;
- Adjust minimum wage based on changes in the Consumer Price Index each January beginning in 2027;
- Require employers to provide one hour of paid sick leave for every 30 hours worked;
- Allow the Department of Labor and Industrial Relations to provide oversight and enforcement; and
- Exempt governmental entities, political subdivisions, school districts, and education institutions.
Cornerstone member credit unions may read more about this law here.