Missouri Bill Seeks to Block 'Pension Advances'

3 years 8 months 4 days ago Thursday, May 15 2014 May 15, 2014 Thursday, May 15, 2014 3:56:20 AM CDT May 15, 2014 in News
By: The Associated Press

JEFFERSON CITY (AP) - Missouri lawmakers have passed a measure intended to block business arrangements in which public employees sign over their future pension rights to get quick cash.

State Treasurer Clint Zweifel says the bill would make Missouri the first state to prohibit pension advances targeting public employees.

Under the arrangements, retired employees receive an upfront lump sum of money from a business, which then gets the rights to all or part of the future pension payments. The deals often carry consumer fees.

A bill given final approval Wednesday would prohibit the transfer of the pension rights to other entities. It gives the attorney general power to investigate and take legal action against such businesses.

 

More News

Grid
List
JEFFERSON CITY (AP) — Missouri's unemployment rate has edged up slightly. Data released Wednesday by the state Department... More >>
55 minutes ago Wednesday, January 17 2018 Jan 17, 2018 Wednesday, January 17, 2018 7:26:31 PM CST January 17, 2018 in News
JEFFERSON CITY (AP) — Citing new testimony from a state school board member, a Springfield teacher is asking a... More >>
1 hour ago Wednesday, January 17 2018 Jan 17, 2018 Wednesday, January 17, 2018 7:22:00 PM CST January 17, 2018 in News
JEFFERSON CITY (AP) — Professional hair braiders would face fewer regulations under a bill passed by the Missouri House.... More >>
1 hour ago Wednesday, January 17 2018 Jan 17, 2018 Wednesday, January 17, 2018 7:15:17 PM CST January 17, 2018 in News
COLUMBIA - Some Special Olympics athletes are ready for prom after choosing their perfect dress from more than 100 that... More >>
1 hour ago Wednesday, January 17 2018 Jan 17, 2018 Wednesday, January 17, 2018 7:04:00 PM CST January 17, 2018 in News
COLUMBIA - The next step in construction of a new middle school in Columbia is a public vote scheduled for... More >>
1 hour ago Wednesday, January 17 2018 Jan 17, 2018 Wednesday, January 17, 2018 7:00:00 PM CST January 17, 2018 in News
JEFFERSON CITY - With the Jan. 19 deadline looming for Congress to pass a federal spending bill and keep the... More >>
1 hour ago Wednesday, January 17 2018 Jan 17, 2018 Wednesday, January 17, 2018 6:46:00 PM CST January 17, 2018 in News
COLUMBIA - People who work at a Columbia shelter say more people would volunteer if they knew how gratifying it... More >>
3 hours ago Wednesday, January 17 2018 Jan 17, 2018 Wednesday, January 17, 2018 4:55:00 PM CST January 17, 2018 in News
COLUMBIA - On Tuesday night, Columbia City Council approved a $12.3 million improvement to sections of Nifong and Forum Boulevard.... More >>
4 hours ago Wednesday, January 17 2018 Jan 17, 2018 Wednesday, January 17, 2018 4:06:00 PM CST January 17, 2018 in News
JEFFERSON CITY - As many lawmakers have released statements regarding Gov. Eric Greitens admitting to an extramarital affair, they are... More >>
4 hours ago Wednesday, January 17 2018 Jan 17, 2018 Wednesday, January 17, 2018 3:40:00 PM CST January 17, 2018 in News
JEFFERSON CITY - The state treasurer wants to spread the word that Missourians are now able to withdraw from a... More >>
4 hours ago Wednesday, January 17 2018 Jan 17, 2018 Wednesday, January 17, 2018 3:32:00 PM CST January 17, 2018 in News
COLUMBIA — This winter season, people are battling the widespread flu alongside bitter cold temperatures. The Centers for Disease... More >>
5 hours ago Wednesday, January 17 2018 Jan 17, 2018 Wednesday, January 17, 2018 3:00:00 PM CST January 17, 2018 in News
COLUMBIA – Walmart is now offering a product that destroys opioids before they can be abused, and it is offering... More >>
5 hours ago Wednesday, January 17 2018 Jan 17, 2018 Wednesday, January 17, 2018 3:00:00 PM CST January 17, 2018 in News
COLUMBIA - A Centralia man was sent to the hospital with life-threatening injuries after a car crash in a Columbia... More >>
5 hours ago Wednesday, January 17 2018 Jan 17, 2018 Wednesday, January 17, 2018 2:54:00 PM CST January 17, 2018 in News
COLUMBIA - With winter weather hitting mid-Missouri hard this past week, one store is doing its best to keep Missouri... More >>
5 hours ago Wednesday, January 17 2018 Jan 17, 2018 Wednesday, January 17, 2018 2:32:00 PM CST January 17, 2018 in News
MAPLEWOOD, Mo. (AP) — A man in St. Louis County is accused of jabbing his boyfriend with hypodermic needles and... More >>
6 hours ago Wednesday, January 17 2018 Jan 17, 2018 Wednesday, January 17, 2018 2:19:03 PM CST January 17, 2018 in News
JEFFERSON CITY -Right now, Missouri can charge 17-year-olds as adults. One group wants to change that immediately. "It is... More >>
6 hours ago Wednesday, January 17 2018 Jan 17, 2018 Wednesday, January 17, 2018 2:11:00 PM CST January 17, 2018 in News
JEFFERSON CITY (AP) — The Missouri House has passed legislation to require some businesses to hang posters advertising the... More >>
7 hours ago Wednesday, January 17 2018 Jan 17, 2018 Wednesday, January 17, 2018 1:09:00 PM CST January 17, 2018 in News
JEFFERSON CITY - Officials with Jefferson City Public Schools announced the groundbreaking ceremony for the city's second high school, which... More >>
7 hours ago Wednesday, January 17 2018 Jan 17, 2018 Wednesday, January 17, 2018 12:59:00 PM CST January 17, 2018 in News
Columbia, MO
Broken Clouds 14°
9pm 16°
10pm 15°
11pm 15°
12am 15°

Select a station to view its upcoming schedule:

Coming Up Next

8:00p
Law & Order: Special Victims Unit
9:00p
Chicago P.D.
10:00p
KOMU 8 News @ 10
8:00p
Dynasty
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld

Tonight's Schedule

7:00p
The Blacklist
8:00p
Law & Order: Special Victims Unit
9:00p
Chicago P.D.
7:00p
Riverdale
8:00p
Dynasty
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld