Missouri Officials to Invest "Pension Advances"

4 years 2 months 3 weeks ago Wednesday, September 18 2013 Sep 18, 2013 Wednesday, September 18, 2013 3:22:21 AM CDT September 18, 2013 in News
By: The Associated Press

JEFFERSON CITY (AP) - Missouri Treasurer Clint Zweifel is raising concerns about deals in which retirees are signing over future pension checks to get quick cash.

Zweifel says the deals typically involve an upfront, lump-sum payment to a person under a contract in which the business gets a portion of the person's future pension payments. The deals often carry consumer fees.

Attorney General Chris Koster said he plans to join Zweifel in an investigation of such practices.

Zweifel says he will work with lawmakers next year on a bill that would prohibit businesses from offering cash advances in exchange for a person's future public pension payments. The bill would cover state, city, fire, police and teacher pensions.

He says a federal law already prohibits such arrangements for military pensions.

More News

Grid
List
JEFFERSON CITY - Mid-Missouri could be gaining its second, fully-accredited Montessori school. Tonight Woodland Montessori will put forward its... More >>
31 minutes ago Thursday, December 14 2017 Dec 14, 2017 Thursday, December 14, 2017 6:53:00 AM CST December 14, 2017 in News
AUDRAIN COUNTY - The Missouri State Highway Patrol has confirmed they have arrested someone after a car chase early Thursday... More >>
35 minutes ago Thursday, December 14 2017 Dec 14, 2017 Thursday, December 14, 2017 6:49:02 AM CST December 14, 2017 in News
COLUMBIA - On Wednesday evening, Columbia Police Officers were dispatched to the 2300 block of Carpenter Drive in reference to... More >>
1 hour ago Thursday, December 14 2017 Dec 14, 2017 Thursday, December 14, 2017 6:20:46 AM CST December 14, 2017 in News
COLUMBIA - Columbia Police Officers responded to the 1500 block of Vandiver Drive in reference to a reported home invasion... More >>
1 hour ago Thursday, December 14 2017 Dec 14, 2017 Thursday, December 14, 2017 5:28:42 AM CST December 14, 2017 in News
Update: Columbia Police Officers have made an arrest in regards to Wednesday morning's incident in the 1500 block of Fir... More >>
2 hours ago Thursday, December 14 2017 Dec 14, 2017 Thursday, December 14, 2017 4:50:00 AM CST December 14, 2017 in News
JEFFERSON CITY (AP) — The director of the Missouri Veterans Commission has resigned amid complaints about care at the St.... More >>
8 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 10:37:00 PM CST December 13, 2017 in News
SALINE COUNTY - Former Columbia Police officer Rob Sanders will head back to the courtroom in May 2018 as he... More >>
9 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 10:03:00 PM CST December 13, 2017 in News
The St. Louis Cardinals have acquired outfielder Marcell Ozuna from the Miami Marlins. The deal is pending a physical. ... More >>
9 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 9:41:00 PM CST December 13, 2017 in Sports
COLUMBIA - Today the Federal Communications Commission will vote on a plan to repeal net neutrality and librarians worry this... More >>
10 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 8:44:00 PM CST December 13, 2017 in Continuous News
AUDRAIN COUNTY - The man who was found on Audrain Road 913 Tuesday next to a crashed car died of... More >>
10 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 8:32:00 PM CST December 13, 2017 in News
MOBERLY - Missouri law enforcement is impeded by a number of issues in cases involving child sexual abuse. Alleged... More >>
11 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 8:20:00 PM CST December 13, 2017 in Target 8
COLUMBIA - The Columbia Chamber of Commerce hosted the ninth and final public hearing by the 21st Century Missouri Transportation... More >>
12 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 7:12:00 PM CST December 13, 2017 in News
COLUMBIA - The Federal Communications Commission vote to repeal net neutrality is fast approaching. The vote to remove regulations that... More >>
12 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 7:12:00 PM CST December 13, 2017 in News
JEFFERSON CITY - The Justice Reinvestment Task Force took a big step Wednesday when it comes to addressing mental health,... More >>
12 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 6:53:00 PM CST December 13, 2017 in News
COLUMBIA - As Columbia Regional Airport plans to expand, it got a push from Mayor Brian Treece. Treece called... More >>
12 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 6:37:00 PM CST December 13, 2017 in News
COLUMBIA - Missouri is among the worst states nationwide at preventing its young people from smoking and using tobacco, according... More >>
13 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 6:15:00 PM CST December 13, 2017 in News
JEFFERSON CITY - Missouri American Water is making changes to the aging Jefferson City Treatment Plant with the goal of... More >>
13 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 5:33:00 PM CST December 13, 2017 in News
Update: Police Chief Ken Burton talked a little bit about the Old Hawthorne homicide at the Citizens Police Review Board... More >>
13 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 5:32:00 PM CST December 13, 2017 in News
Columbia, MO
Broken Clouds 32°
8am 31°
9am 32°
10am 34°
11am 34°

Select a station to view its upcoming schedule:

Coming Up Next

7:00a
Today
9:00a
Megyn Kelly TODAY
10:00a
Today with Kathie Lee & Hoda
7:00a
Maury
8:00a
The Steve Wilkos Show
9:00a
The Steve Wilkos Show

Tonight's Schedule

6:30p
Football Night in Indianapolis
7:20p
Thursday Night Football
7:00p
iHeartRadio Jingle Ball 2017
8:30p
Whose Line Is It Anyway?
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld