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 15 hours ago

The KLPW Radio Athlete of the Week is Washington Softball Player Megan Micke. The Junior Shortstop had a terrific start to the season helping the Jays to a second place finish in the Union Tournament Saturday. In three games, Megan had 11 plate appearances, eight official at-bats, four hits, including a double, an rbi, a stolen base with six runs scored, three walks and two strike outs.

OFF THE CUFF with Diane Jones

3 weeks 2 days ago

I have been behind the microphone for 10 years now. In the course of time, I have covered many elections and have seen first-hand how bruising and hurtful campaigns can be to people. None have been as difficult to watch, however, as the annexation battle in Washington--which pitted good people who care about their community against good people who care about their community.

OFF THE CUFF ARCHIVE

COMMUNITY MUST HEAL: A CHALLENGE - 08/06/2014 - 3:18pm
Senior Games Embrace Life! - 06/23/2014 - 11:23am
Evil at UC Santa Barbara - 05/27/2014 - 11:22am

SPORTS CORNER

14 hours 4 sec ago

Football...
Borgia 56 Union 13
Sullivan 30 Washington 8
St. Clair at Ozark 41 St. Clair 0
Hermann 54 Cuba 12
Potosi 34 Pacific 13
Blair Oaks 42 Owensville 0
St. James 36 Houston 18
Warrenton 28 Troy 0
Orchard Farm 36 Wright City 18