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
I cannot believe it is the end of November already. Where has this year gone? We are just about to bid farewell to 2018 and turn the page on another very successful year for your LAGERS retirement system.
Tagged Employer Cost, Employers, Pre-Funding, employer rate meeting, state of the system
I recently attended a National Public Pension Funding Forum hosted by the National Conference of Public Employee Retirement Systems, and had the opportunity to hear from many pension fund administrators and experts about the pension funding successes and challenges in the United States. As funds from across the county continue to work to ensure long term financial stability, one of my biggest takeaways from the event was that even though there are often no easy answers when it comes to pension funding, LAGERS is getting a lot of things right.
Tagged Funding, Pre-Funding, Sound Funding, Budget
A few years ago, I was at a meeting where I was to give a presentation to a group of LAGERS retirees. Before I even started speaking at least three different people stopped me and asked, “So, when is the money going to run out?”
Tagged pensions, Pre-Funding, Sound Funding, Missouri
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.
Tagged Contribution Rates, Funding, pensions, Pre-Funding, Sound Funding
About a week ago, I spoke with LAGERS leadership about the financial progress of the LAGERS system. I am happy to report that LAGERS continues to be a financial strong system for its members.
Tagged pensions, Pre-Funding, Pension Health, Bob Wilson, Brian Collett
The numbers are in. LAGERS updated funded level for the year has risen to 94.4% pre-funded, on an actuarial basis. That’s great news for members and employers, but what does that really tell us?
Tagged Funding, Members, Pre-Funding, Security
