- Cape student sues, accuses school officials of slamming her to ground multiple times (04/28/16)47
- Neelys Landing man shot, killed by highway patrol trooper after traffic stop (05/01/16)43
- Bob Evans restaurant in Cape Girardeau among chain's 21 closings (04/26/16)9
- Missouri House votes to allow concealed weapons without permits (04/28/16)8
- Police report filed, but no charges in incident at Cape Central (04/29/16)40
- 2016 All-Missourian Boys Basketball (04/29/16)
- Statement: Man says cops’ good work drove him to grow his own marijuana (05/01/16)1
- Two hurt in motorcycle wreck on Interstate 55 (04/25/16)1
- Senator introduces bill for I-57 that would connect Sikeston with Little Rock (04/28/16)4
- River Ridge Winery changes hands (05/02/16)
Missouri pension plans by the numbers
Most Missouri public employees are members of a taxpayer-supported retirement system. They all work essentially the same way, with annual contributions placed into investments ranging from stocks to real estate to government bonds. Some plans require employees to contribute. Each plan pays out a benefit based on the number of years of service and an average of three or five years' salary. The major pensions are the Missouri State Employees Retirement System, or MOSERS, the Public School Retirement System, the Local Government Employees Retirement System and the MoDOT and Patrol Employees Retirement System.
Major system assets, Jan. 1, 2008: $43 billion
Major system assets, Jan. 1, 2009: $33 billion
Major system members (current and retired): 289,853
30-year retirement payouts
State employees: 51 percent of pay
Public schools, educators: 75 percent of pay
Education support staff: 48.3 percent of pay*
Transportation and patrol: 51 percent of pay
Local governments: Varies based on local choice. In Southeast Missouri, participating governments have chosen 45 to 60 percent after 30 years.
Contribution rates as a percent of payroll
State employee system: 12.75 percent
Public schools, educators: 27 percent, split between educators and districts.
Transportation and Highway Patrol: MoDOT, 31.43 percent, Patrol, 39.88 percent
Local governments: Participating Southeast Missouri goverments contribute 4.4 percent to 19.3 percent.
Sample local costs
Southeast Missouri State University: $6.4 million, 2009-2010 fiscal year.
Cape Girardeau School District: $2.8 million, 2008-2009 school year.
Cape Girardeau: $1.1 million, 2008-2009 fiscal year
Scott City: $65,324, 2009 fiscal year
* Education support staff are also covered by Social Security.
Sources: Retirement systems, local officials