Missouri's college savings plan will now have lower administrative costs.
At a press conference at the University of Missouri St. Louis today, Missouri State Treasurer Clint Zweifel announced a new five-year management agreement with Upromise Investments and Vanguard that will decrease the cost of the MOST 529 plan by 44 percent. The partnership is estimated to save Missourians $18.5 million.
Missouri House members have endorsed legislation designed to undo unexpected fallout from changes made six years ago to the state's workers' compensation system.
Lawmakers in 2005 approved changes to Missouri's workers' compensation system to establish tougher standards for an injured Missourian to qualify. Not all of the changes have gone as planned, and lawmakers this year are considering bills to tweak some of them.