A recent article in the Wall Street Journal, Is America's Favorite Retirement Plan Broken, describes the current state of 401(k) plans. The article provides evidence that these plans may need to be fixed for them to create successful retirement outcomes for the millions of Americans that participate in these retirement investment vehicles. While the main point of the article is to point out plans of policymakers to make the 401(k) more equitable in respect to the way taxation is handled, other points made in the article piqued my interest.
We all know things are different right now, for all of us. Terms like uncertain times and new normal are overused so much they're beyond cliche.
Things are different for many of us at work as well, and that includes LAGERS members. Take a look at what some of them have been doing during this difficult time (another cliche, but true none the less) to keep our communities running smoothly and safely.
In November of 2018, LAGERS launched a new program called the Certified LAGERS Administrator (CLA). This program was designed specifically for employer contacts and administrators who want to know more about how LAGERS works and want to feel at ease talking about LAGERS benefits. Though CLAs cannot speak on behalf of LAGERS, they are a vital source of LAGERS knowledge employees can count on as well a source for employees to obtain LAGERS contact information if they need answers to harder, individualized questions.