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Raytown current weather conditions


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Weather Forecast

Clear
Monday 0%
High 45° / Low 31°
Clear
Sunny. High near 45F. Winds light and variable.
Partly Cloudy
Tuesday 0%
High 54° / Low 31°
Partly Cloudy
Sunshine in the morning followed by cloudy skies during the afternoon. High 54F. Winds SSW at 10 to 15 mph.
Clear
Wednesday 10%
High 50° / Low 33°
Clear
Sunny skies. High around 50F. Winds WSW at 5 to 10 mph.
Chance of Rain
Thursday 50%
High 40° / Low 30°
Chance of Rain
Showers in the morning, then cloudy in the afternoon. High around 40F. Winds NNW at 10 to 20 mph. Chance of rain 50%.
Partly Cloudy
Friday 10%
High 45° / Low 28°
Partly Cloudy
Partly cloudy skies. High near 45F. Winds NNW at 10 to 15 mph.
Clear
Saturday 0%
High 49° / Low 36°
Clear
A mainly sunny sky. High 49F. Winds SSW at 5 to 10 mph.
Clear
Sunday 10%
High 46° / Low 27°
Clear
Sunny along with a few clouds. High 46F. Winds WNW at 5 to 10 mph.

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Raytown Police Chief Jim Lynch Letter to the editor

Raytown Police Correct Inaccurate Police Pension Information

 Raytown, MO – Raytown Police Chief Jim Lynch took an opportunity today (01-06-15) to correct inaccurate information regarding the Raytown Police Pension, which was published in the December 17, 2014 issue of the Raytown Times.  The inaccurate information was listed at the top of page 4, in volume 5, issue 40.

The opinion article, written by Randy Battagler, refers to officers potentially collecting “double pay.”  Officers may only earn a maximum benefit of 60% of their pay (life annuity.)  Those that serve our city longer, wait to receive their pension benefit and retire later, will receive a higher monthly payment.  If an officer retires earlier, their monthly pension payment is lower.  Similar to Social Security benefits, the monthly payment is impacted by how soon an officer retires, after reaching retirement eligibility age.  Taking an early retirement means a lesser monthly payment, and waiting to retire means an increased monthly payment.  However, the maximum benefit, 60%, does not change.  Some officers may have other retirement income, unrelated to the Raytown Police Pension, which could include Social Security, military retirement benefits, and individually-owned income products (IRA’s, etc.)

Mr. Battagler asserted that, “Without contributions from participants the fund had fallen well short of the amount it needed to be solvent.”  There were many factors that impacted the unfunded liability of the Police Pension, including stock market downturns and intermittent payments by former city finance directors.  The unfunded liability must still be paid, regardless of the City moving the Police Officers to LAGERS.    In fact, the LAGERS plan costs more (approximately 12% of payroll) than the former Police Pension plan (approximately 8%.) Even after the unfunded liability has been paid, the LAGERS plan, which has added benefits including cost of living adjustments, will be more expensive than the Police Pension plan.

Mr. Battagler also said that “without the change the city could have faced bankruptcy.”  That is simply not the case.  It was the belief by some that the former Police Pension plan was unsustainable, which prompted the discussion, and subsequent change, not the threat of the plan failing or causing bankruptcy.

In fact, the Police Pension plan is performing very well in the current economic environment.  Since 2008, when the stock market downturn hurt almost every pension plan, the Police Pension plan funded status has increased every year, with contributions decreasing or remaining the same as a percent of pay in that same period.

Chief Lynch is committed to transparency and openness.  The Raytown Police Pension Board meetings have always been, and remain, open meetings.  The schedules of Pension Board meetings are posted in the Police Department lobby, as well as the Police Department News blog, RPD News Room (http://piorpd.wordpress.com/) for the public and media to view any time.

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