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 2 hours ago

The KLPW Radio Athlete of the Week is Senior Baseball Player Spencer Juergens from St. Francis Borgia Regional High School in Washington. Spencer is the Ace of the pitching staff with a 4-0 record. He has given up just one run this season and currently sports an earned run average of .33. Spencer has allowed 11 hits in 21 innings but no extra base hits. He has struck out 16 while walking two for a strike out to walk ratio of 8.1.

OFF THE CUFF with Diane Jones

3 weeks 3 days ago

On March 24, 2015, Lufthansa Airlines pilot Andreas Lubitz steered a planeful of passengers into the French Alps, killing 150 people in a grisly act of murder/suicide.

The logical first question the world is asking is why? We ask this not only to make some sort of rational sense out of the irrational act, but also so that we can try to prevent something like it from happening again.

OFF THE CUFF ARCHIVE

Evil: The Root Cause of Terror - 03/27/2015 - 11:28am
Mandatory Voting? - 03/20/2015 - 11:29am

SPORTS CORNER

19 hours 23 min ago

Jon Jay doubled and scored on Kolten Wong's sac-fly in the eighth as the Cardinals clipped the Reds 2-1 at Busch Stadium. Matt Carpenter homered in the first for St. Louis, which swept the three-game series. Adam Wainwright outdueled Cincinnati's Mike Leake for his second win.