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

1 day 20 hours ago

The KLPW Radio Athlete of the Week is Senior Golfer Brad Carpenter from Washington High School. In a recent match against Fort Zumwalt South at Wolf Hollow, Brad carded a six under par 29 to lead the team to a 148-176 win over the Bulldogs. Brad will attend Missouri State University in Springfield on a golf and academic scholarship. He started playing golf at the age of 12 and developed an immediate love for the game.

OFF THE CUFF with Diane Jones

1 month 2 weeks ago

Every once in a while, a conversation arises on Ticked Off Tuesday that really makes me think. Such was the case when a listener called in about an experience with a local establishment in which she believed she was turned away on the basis of her sexual orientation.

OFF THE CUFF ARCHIVE

AN OPEN GAY RIGHTS CONVERSATION - 02/26/2014 - 11:07am
Obamacare: Discouraging Work - 02/06/2014 - 11:30am
Womanly Wars, Libidos and Rebuttals - 01/30/2014 - 11:50am

SPORTS CORNER

22 hours 52 min ago

The East Central College softball game vs. Three Rivers today April 15 has been cancelled due to field conditions. The “Stuff the Stands” event has been moved to Thursday, April 17 vs. St. Louis Community College. Come out and show your “Falcon Pride” as the ECC Falcons look to take down the STLCC Archers. The first 100 fans will receive a blue “Stuff the Stands” T-shirt along with free hot dogs and soda.