Click for St. Louis, Missouri Forecast

// a href = ./ // St Louis News, Weather, Sports, The Big 550 AM, St Louis Traffic, Breaking News in St Louis

Online pharmacy:fesmag.com/tem

Have you a sex problem? Please visit our site:fesmag.com/medic

Site map
 
 
 
Colin Jeffery

Colin Jeffery

Speaker Madigan calls state pension system "too rich"

Tuesday, 03 December 2013 13:28 Published in Local News

SPRINGFIELD, Ill. (AP) - Illinois' House Speaker told a bipartisan legislative committee that the state's pension systems are "just too rich" to be afforded in the future.

Madigan is a Chicago Democrat and the state's longest-serving House Speaker. He says Tuesday that a $160 billion reform proposal was designed to keep long-term low-income workers in mind.

He called the plan a balanced approach, "not just a reduction in benefits."

Leaders announced the compromise last week. A vote is expected Tuesday afternoon.

The proposal pushes back workers' retirement age on a sliding scale, has a funding guarantee, adds a 401(k)-style option and reduces employee contributions.

It'd also replace the current 3 percent annual cost-of-living increases. Retirees would continue to receive that rate up to a certain amount of annuity payments, based on years of employment.

 

ST. LOUIS (AP) - The owners of the Edward Jones Dome in St. Louis remain hopeful the Rams won't leave after city leaders rejected $700 million in upgrades sought by the team.

The Rams can break their lease after the 2014 season but have said little about their plans.

The lease requires the St. Louis Regional Convention and Sports Complex Authority to provide the team with a "first-tier" stadium by 2015, which is 20 years after the building opened.

Missouri Gov. Jay Nixon has taken over negotiations with Rams owner Stan Kroenke after arbitration between the team and the St. Louis Convention & Visitors Commission failed. The commission operates the dome.

Board chairman Jim Shrewsbury said Tuesday that dome officials haven't given up on keeping the team.

Boeing could see incentives that total $1.7 billion

Tuesday, 03 December 2013 13:17 Published in Local News

JEFFERSON CITY, Mo. (AP) - New details about Missouri's bid for a Boeing assembly plant show the state could offer more than $1.7 billion of incentives over two decades.

Gov. Jay Nixon's office released details about the incentives Tuesday to The Associated Press as lawmakers prepared to hear testimony about it in a special session.

Nixon also said a new agreement among St. Louis labor councils could help Missouri compete for the Boeing 777X airplane.

Boeing solicited proposals to build its next-generation commercial aircraft after union members in Washington state rejected a proposed contract that sought concessions.

Missouri's potential package of incentives is based on the jobs created. If Boeing adds 2,000 jobs, the incentives could total up to $435 million by 2040. If Boeing adds 8,000 jobs, the incentives could total $1.74 billion.

 

Latest News

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
Prev Next
Star sea lion at the St. Louis Zoo has died

Star sea lion at the St. Louis Zoo has died

  ST. LOUIS (AP) — A star sea lion at the St. Louis Zoo has died. The St. Louis Post-Dispatch reports that Bennie the sea lion died Friday. He was 11. Zoo spoke...

Ride-sharing service hits snags in St. Louis

Ride-sharing service hits snags in St. Louis

  ST. LOUIS (AP) — A smartphone app-based ride-sharing service has started service in St. Louis, ignoring a cease and desist order from the city's taxi commission. ...

Missouri Republicans outline new gun proposal

Missouri Republicans outline new gun proposal

  JEFFERSON CITY, Mo. (AP) — Missouri Republicans have outlined a new approach to prevent federal agents from enforcing gun control laws the state considers to be infri...

Documents detail another delayed GM recall

Documents detail another delayed GM recall

  DETROIT (AP) — Government documents show that General Motors waited years to recall nearly 335,000 Saturn Ions for power steering failures despite getting thousands o...

Ferry stops service on Mississippi River

  MEYER, Ill. (AP) — A farm cooperative has shut down a ferry service that shuttled agricultural products and other goods across the Mississippi River between western I...

Pepsi franchise to open center in Cape Girardeau

Pepsi franchise to open center in Cape Girardeau

  CAPE GIRARDEAU, Mo. (AP) — A Pepsi franchise is planning to build a new customer service center in Cape Girardeau (juh-RAHR'-doh) that could create 74 jobs. The M...

Man charged in Kansas City-area highway shootings

  KANSAS CITY, Mo. (AP) — Authorities say a Kansas City-area man has been charged with 18 felony counts in connection with about a dozen recent random highway shootings...

Molina's error hurts Cardinals in 3-1 loss to Nats

  WASHINGTON (AP) -- There's a simple reason St. Louis Cardinals pitcher Michael Wacha felt comfortable putting a changeup in the ground with the bases loaded in the se...

© 2013 KTRS All Rights Reserved