Missouri Audit Reveals Systems In “Most Trouble”

Missouri’s auditor released an all-encompassing audit yesterday of Missouri’s 89 public pension systems. The auditor, Tom Schweich, said the good news was that some systems were performing much better than their peers across the nation. But the audit also revealed 15 plans that were in the “most trouble.” From MissouriNet: “We consider them ...

Missouri Law Bans Pension Advances, Helps Retirees Recoup Losses

Pension360 covered last week the rising business of pension advances—businesses that apply the concept of a payday advance to retirement benefits by giving retirees an option to receive their pension as a lump sum. But Missouri recently passed a bill that outlaws the practice and gives retirees a chance to take legal action against the business that ...
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