Missouri Government Will Pay Nearly $330 Million Next Year to Pay For the State Worker Pensions

The Missouri government will pay nearly $330 million next year to pay for the State Worker Pensions. The governing board for the Missouri State Employees Retirement System approved a 20% increase which amounts to $55 million to help cover the cost for state workers’ retirement. The retirement system covers about 51,000 state workers and about 37,000 retirees. The St. Louis Post-Dispatch reports the pension system lost $1.8 billion from the stock market’s downturn from 2008-2009 while retired workers are living longer and therefore receiving pension payments for longer. Missouri recently made changes to the State Workers Pension. Under a law passed in 2010, new workers hired must contribute 4% of their salaries into the retirement system, but employees hired before then pay nothing. Qualifying for the pension now requires spending a decade working for the state instead of the five years it used to require. The minimum retirement age was also raised from 62 to 67 years old.

ATHLETE OF THE WEEK

2 days 21 hours ago

The KLPW Radio Athlete of the Week is Gus Kleekamp with the Washington Junior Legion Baseball Team. Gus played shortstop and occasionally pitched during the season. His numbers are impressive. Batting average .409, on-base percentage .504 with a slugging percentage of .582. Gus lead the team not only with his average but also in RBI with 26, triples with five and stolen bases with 28.

OFF THE CUFF with Diane Jones

1 month 1 week ago

There are few things more inspiring in life than watching an octogenarain with two hip replacements swimming a 200 yard race, or guys in their late 70's playing some pretty vigorous 3 on 3 basketball. A generation of baby boomers is learning that, while they can't reverse age, they certainly can embrace life!

OFF THE CUFF ARCHIVE

Senior Games Embrace Life! - 06/23/2014 - 11:23am
Evil at UC Santa Barbara - 05/27/2014 - 11:22am

SPORTS CORNER

12 hours 31 min ago

Yangervis Solarte and the San Diego Padres try to secure a series victory over the St. Louis Cardinals on Wednesday night in the middle contest of a three-game series at Petco Park. Acquired from the New York Yankees in the deal that sent third baseman Chase Headley to the Bronx, Solarte is hitting .286 with six RBI in seven games with the Padres.