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 23 hours ago

The KLPW Radio Athlete of the Week is Washington Varsity Soccer Goalie Camron Shipley. Camron made countless saves in Washington's 1-0 win over Borgia Saturday night at Jim Scanlan Stadium at Washington High School. The game was scoreless through regulation and two overtimes and Shipley only gave up one goal in the shootout. Camron is a senior and this is his first year playing soccer.

OFF THE CUFF with Diane Jones

1 week 4 days ago

If you want to get someone's attention, whisper. That old investment brokerage ad is the opposite of what is going on regarding shootings in Ferguson and Tower Grove. When people threaten violence or blankly label one as a racist, it's very hard to listen. The same holds true for those who sum up the plight of impoverished black communities as "that's how those people are."

OFF THE CUFF ARCHIVE

THE BLACK & WHITE ISSUES OF FERGUSON - 10/13/2014 - 11:06am
STRIKING ISIS IN SYRIA - 09/23/2014 - 6:00am
IN REMEMBRANCE OF LEXI JONES - 09/08/2014 - 11:32am

SPORTS CORNER

21 hours 10 min ago

Union 55 Pacific 7
Borgia 42 Kennedy 6
Battle 56 Washington 8
O'Fallon Christian 50 Wright City 12
Salem 50 St. James 27
Southern Boone 40 Owensville 24
Priory 49 Sullivan 17
Hermann 36 Transportation and Law 6
Cuba 30 Jefferson 0
Moberly 42 Warrenton 0

Saturday...
St. Clair at Westminster 2:00