Overview of 2019 Legislative Session The first regular session of the 100th General Assembly came to a close on May 17th. This year, the legislature tackled some major, and often controversial, issues and the final weeks of session were unsurprisingly not without little drama.
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.
Last week, LAGERS members from every corner of the state gathered in Jefferson City to visit with lawmakers about the importance of their LAGERS retirement system! It was an action-packed day, full of tons of great visits with our state lawmakers. Here are a few of the highlights!
A new study by the National Institute on Retirement Security (NIRS) shows that income retirees receive from public pension plans, like LAGERS, produce positive economic impacts across the nation. The study, using 2016 data, reports public pensions are responsible for $1.2 trillion in total economic output in the U.S. and added $202.6 billion in government revenue from retiree income taxes and spending.
One of the most important things our members can do is to help us share the good news of LAGERS. By ensuring local government employers have the tools to attract and retain great public servants, like you, LAGERS helps local communities across Missouri thrive and flourish – and it is important that we share this great news with our elected policy makers!