Author Archives: Jeff Kempker, CEBS, CRC

3 Important Things For LAGERS' Retirees to Know Right Now

We want our retirees to have peace of mind regarding their LAGERS benefit during this time of uncertainty. Here are three important things to remember:

Tagged Defined Benefit, Retirees, Cornonavirus, COVID-19

LAGERS Continues to Keep its Promises to a Growing Retiree Population

 

 
There are now over 24,000 people receiving a monthly benefit from LAGERS.

Tagged Retirement Security, Secure, Retirement, Retire

10 Year Challenge: LAGERS Edition

 
 

Photo by Jamie Street on Unsplash

 

The 10-year challenge is all the rage on social media right now. People are posting pictures of themselves from 2009 and comparing them to pictures from 2019 as a way to see how 10 years has changed their appearance. It's made us wonder if we could do the same for LAGERS.

Don't thank LAGERS. Thank your employer.

Photo by Simon Maage on Unsplash

 

It's always nice to be thanked for a job well done. Everyone needs an "atta boy" once in awhile. And the team at LAGERS is no exception. We love when our members send appreciation our way for protecting their retirement money.

Tagged secure retirement, Security, Value of pensions, Retirement, Retire

LAGERS HAS ALL 4 COMMON CHARACTERISTICS OF A WELL-FUNDED PENSION PLAN

Public pension plans that are well-funded share some common characteristics, according to the National Association of State Retirement Administrators (NASRA). And since LAGERS ranks in the top ten in terms of funding among U.S. plans, you may guess that these characteristics would be found in our practices. And you would be right.

Tagged Contributions, Investments, Contribution Rates, Financial, Funding, pensions, Plan Design, Retirement Security, Unfunded Liability, Pension Health, Financial security, Sound Funding, NASRA

How LAGERS Stacks Up to Other U.S. Pension Plans

Photo by Mathieu Turle on Unsplash

 

LAGERS' Executive Director and I attended the annual conference of the National Association of State Retirement Administrators (NASRA) last week. This conference gathers together the leaders of the largest public pension plans in America. Attending allows us to hear ideas about how to better serve our members and gain insight into best practices in the retirement industry.

Tagged Pre-Funding, Value of pensions, Pension Health, Retirement plans, Sound Funding, governance

Back by Popular Demand: When is the Best Day to Retire?

Tagged COLA, Members, retirement age, retirement planning

6 Things LAGERS Does to Protect Your Money

Photo by maria pagan on Unsplash

 

LAGERS understands that the benefits we offer help tens of thousands of Missourians gain financial independence. We take our responsibility as caretakers of your money very seriously. LAGERS' Board of Trustees and staff are considered fiduciaries. This means we are legally obligated to act and make decisions that are in the best interest of our members and their beneficiaries. There are many specific things we do on a daily basis to help protect your money. Here are a few.

Tagged LAGERS Board, Retirement Security, Security, governance, Advocacy, prefunded, Financial Independence

5 MYTHS LAGERS MEMBERS BELIEVE ABOUT THEIR BENEFITS

 

Tagged Contributions, Investments, COLA, Final Average Salary, Retirement Options, Retirement, Retire

Proof That Pensions Are Sustainable For Missouri's Local Governments

Photo by Fabian Blank on Unsplash
  • About half of Americans age 55 and older have nothing saved for retirement. However, 20% of these do have access to a defined benefit pension plan.
  • Defined benefit pensions are the preferred retirement plan for state and local government employers.
  • 39 employers have chosen LAGERS defined benefit plan for their employees within the last year. Almost all switched from a 401(k)-type plan.
  • Defined benefit plans, like LAGERS, help government employers attract and retain good workers to serve the community.

 

Tagged 401(k), pensions, Security, Value of pensions, Retirement, Retire, Local Government, Missouri

Contact LAGERS

1-800-447-4334
M-F: 8:00 a.m. - 5:00 p.m.