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.


4 days 20 hours ago

The KLPW Radio Athlete of the Week is Sophomore Cross Country Runner Mikayla Reed from Washington High School. Mikayla has already accumulated a lost list of accomplishments in the first couple of years of her high school career. As a Freshman, she was fifth in the 3200 Meter Run at the state track and field championships and had the third fastest time ever by a Freshman. Highlights this year in cross country include first place at the St.

OFF THE CUFF with Diane Jones

1 month 16 hours ago

No matter how many years pass, few of us old enough to understand the scope of what happened on September 11, 2001 will ever forget those video images of planes flying through skyscrapers, which then crumbled into dust. Perhaps out of psychological necessity, we have distanced ourselves from the visceral emotions of that day.



20 hours 4 min ago

The Cardinals begin their 2015 postseason run tonight. They host the division-rival Cubs in Game One of the National League Division Series at Busch Stadium. John Lackey starts the opener of the best-of-five set for St. Louis. Chicago counters with Jon Lester. First pitch is at 5:45 p.m.