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.
Recently I asked Brian Collett, our CIO, to give me an update on our most recent investment numbers. He shared lots of information with me on our most recent numbers, but also talked about our Asset study that we just completed, and how that shapes our investment strategy.
Tagged Investment Return, Investments, Contribution Rates, Investments; Return; LAGERS Portfolio, Pension Health, LAGERS performance, Quarterly Update, Retirement, Retire, inflation, stock market, equities, Brian Collett, Sound Funding, Asset Study
This post was originally published in June 16, 2015. Annual 2019 rates, as well as your annual valuation are now posted on eclipse, and it's a good time to refresh your knowledge on contribution rates and how they work. Download your annual valuation from eclipse to learn more.
Each LAGERS employer has a monthly contribution rate for its employee group that may change annually. This contribution the employer makes ensures proper funding of its pension benefits. There are many driving factors that play into calculation of LAGERS' employers contribution rates, and we will discuss the top three in this blog.
I recently had the chance to speak with the board of a prospective employer, and a common question came up about the relationship between investment performance and contribution rates. Coincidentally, I planned to share this blog post and video explaining the relationship between LAGERS investment performance and employer contribution rates.