Is your organization considering making a change to your LAGERS benefits? Perhaps an upgrade in benefit multiplier or adding the Rule of 80 option? LAGERS Education and Outreach Coordinator Jeff Pabst decodes the supplemental valuation for you.
LAGERS' most recent economic impact numbers are coming in, and it looks to be another successful year of providing stable economic foundations for our members, retirees and the communities in which they live. Here are just a few quick stats:
We're proud to provide retirement, disability and survivor benefits to our members, and we're also proud that those benefits in turn create a ripple effect throughout economies across Missouri. Our retirees spend their modest pension incomes on goods and services in which they live. That creates a positive impact for all of us.
Be sure to watch for the full 2019 Economic Impact Report, which will be released in the coming weeks, and until then, register for our Economic Impact Webinar on October 17.
It's sometimes easy to get confused when it comes to retirement, benefits and the different accounts and options that are involved. Your LAGERS benefit is a very specific type of retirement benefit, called a defined benefit plan, otherwise known as a pension.
https://www.molagers.org/assets/nomination-guidelines.pdfOne of our goals here at LAGERS is to celebrate local government service in our Missouri communities. LAGERS members are highly skilled local government workers that dedicate a career, sometimes that lasts their entire lifetime of work, to serving our communities.