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

4 days 8 hours ago

The KLPW Radio Athlete of the Week is Washington Post 218 Junior Legion Baseball Player Adam Gauzy. As a pitcher, Adam has the most innings pitched on the staff with 46. His record is 6-0, he's given up 10 runs, three earned, for a staff low ERA of .450. Adam has struck out 53 batters while walking 11. At the plate, Adam is a switch hitter with an avarage of .315, an on-base percentage of .427 and a slugging percentage of .342.

OFF THE CUFF with Diane Jones

1 month 2 days 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

10 hours 17 min ago

The Senior Zone 1 Tournament got underway at Lindenwood University in St. Charles last night. The West Jaguars beat Daniel Boone 13-8 and Jefferson City routed Hannibal 11-2.
Coming up this evening, St. Charles will go up against West at 5:00, followed by an elimination game between Daniel Boone and Hannibal at 8:00. The Tournament will run through Sunday.