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State Pension Plans Resist Apocalyptic Characterizations
JEFFERSON CITY, Mo. — The director of the state’s largest state employee retirement plan told a legislative panel Monday that the fund is consistently one of the highest-performing in the country, and that recent legislative changes to the program will only make it more solid. Such a report stands in contrast to worries percolating nationwide [...]
By DICK ALDRICH Missouri News Horizon JEFFERSON CITY, Mo. – Active dialogue between the governor’s office and state lawmakers ultimately enabled changes to state pension plans that supporters say will save the state $662 million in the next decade. Gov. Jay Nixon on Monday signed the bill, which the administration said would garner enough savings [...]
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By DICK ALDRICH Missouri News Horizon JEFFERSON CITY, Mo. – The state senator who stalled the special legislative session by preventing progress of an economic incentive bill for the state’s automotive industry has been relieved from his position as chairman of a powerful oversight committee. Senate President Pro Tem Charlie Shields, R-St. Joseph, on Monday [...]
Continue reading …By DICK ALDRICH Missouri News Horizon MOBERLY, Mo. — At a Friday announcement of a major new employer in Moberly, Gov. Jay Nixon also noted a legislative logjam may be broken, allowing lawmakers’ stalled special session to move forward. During an early-morning conference call with legislative leaders Friday, Nixon helped broker a deal that should [...]
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By DICK ALDRICH Missouri News Horizon JEFFERSON CITY, Mo. – What if the governor called a special session, and nobody came? That’s a question being asked around the State Capitol these days. With legislation proving unpopular with House and Senate members on the agenda, the special session of the legislature will crawl into its third [...]
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By DICK ALDRICH Missouri News Horizon JEFFERSON CITY, Mo. –- A state senator stalled the progress of a proposed law to offer incentives to the Ford Motor Co. (F) in exchange for continued investment in its Missouri workforce. Sen. Chuck Purgason, R-Caulfield, chair of the Senate Government Accountability and Fiscal Oversight Committee, on Thursday abruptly [...]
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By DICK ALDRICH Missouri News Horizon JEFFERSON CITY, Mo. – The Missouri House of Representatives Tuesday continued to add on to a bill the governor’s office said is already beyond the legal scope set for the special session. The latest addition would renew the Homestead Preservation Tax Credits. The underlying bill – and the primary [...]
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By DICK ALDRICH Missouri News Horizon JEFFERSON CITY, Mo. – A House committee approved an auto manufacturing incentives bill that the governor’s staff said goes outside the call of the special legislative session. But, Gov. Jay Nixon said, the legislature has the momentum to accomplish “a real difference for Missouri’s automotive industry.” The House Job [...]
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Uncertainty Defines First Day of Special Session By DICK ALDRICH and REBECCA TOWNSEND Missouri News Horizon JEFFERSON CITY, Mo. — An auto manufacturing incentives bill is virtually assured passage in the Missouri House. But the fate of a bill reducing retirement benefits for future state employees is not as certain. In the Senate, the opposite [...]
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By DICK ALDRICH Missouri News Horizon JEFFERSON CITY, Mo – The Missouri General Assembly reconvenes Thursday for what’s officially termed an “extraordinary” session, but the first day of the session could look quite different depending on which house of the legislature is under observation. Both the House and Senate will convene at noon in their [...]
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