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

6 days 18 hours ago

The KLPW Radio Athlete of the Week is Senior Legion Baseball Player Spencer Juergens from Washington Post 218. As a pitcher, Spencer is currently 7-0 with 36 strike outs and only four walks. He's given up seven runs, three earned over 43 innings and his ERA is .736. As a hitter, Spencer's average is .520 with 16 rbi's and 13 runs scored. In 44 official at bats, Spencer has struck out just five times with two walks.

OFF THE CUFF with Diane Jones

2 weeks 2 days ago

Over the course of the past 16 years doing commentary on air and in print, there have sadly been many mass shootings and many predictable politicized reactions.

The shootings at Emmanuel AME Church in Charleston, South Carolina, however, stands out for two main reasons.

It involved race, and it was done it a church.

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