Retirement - Big Plans & Big Dreams

Recently we held our first Facebook giveaway. Did you see it? During National Retirement Security week (which also happened to be the week of our Annual Meeting) we held a T-shirt giveaway. We wanted to hear your retirement plans, and boy, did you have a lot to say! Here are some excerpts from the contest comments on what LAGERS members plan to do in retirement. There are some great ideas in here in case you're still trying to figure out what your retirement dream will be!

Tagged LAGERS, Retirement Security, Retirement plans, Public service

3 Things You Need to Know About Changing Your Retirement Plan to LAGERS.

At times, when employers are considering joining the LAGERS system, they are choosing to switch from their standalone defined contribution plan to a defined benefit plan with LAGERS. These employers are making the choice to give their employees the ability to earn and receive secure monthly income from LAGERS when they retire. As well, they are setting a plan in place designed to recruit and retain quality workers while providing dedicated employees a path to retirement security. When employers are thinking about making the switch, there are few things they need to know.

Tagged Defined Benefit, joining LAGERS, Defined Contribution, Prospective Members, Retirement Security

How to Talk About Your Pension at Deer Camp

The day before the 2016 firearms season at my deer camp in Cole County, MO.

Deer camp is a Missouri tradition that is ages old. I have been hunting and hanging out at deer camps since I was a kid, and if there is one thing I have learned over the years (other than becoming pretty good at frying catfish) is that this that this setting is perfect for lively and opinionated conversation. 

Tagged Defending Pensions, Value of pensions, deer camp

How Retirement Benefits for Government Workers Help Everyone

Above: 2016 annual benefits paid to LAGERS' benefit recipients in Missouri.

 

DOWNLOAD: LAGERS 2017 Economic Impact Report

 

Employee benefits are often thought to be for the betterment of one and only one group - the employees. Rather than simply providing a salary, employers use benefits like health insurance, retirement plans, and paid vacation to build morale, keep good workers, and to attract new workers. For these reasons, it makes sense to think that compensation other than salary are good for the employees and only the employees. But there is more to it than that.

A publicly-held company must make decisions that will positively affect the bottom line so the shareholders may profit. Likewise, government leaders serve the taxpayers and make decisions to enhance the prosperity of their communities. Decisions about employee benefits, therefore, cannot only be valuable to the employee, but also must make sense for the shareholder or taxpayer. In other words, all stakeholders must get some return on the investment for employee benefits.

Tagged Defending Pensions, Defined Benefit, Economic Impact, pensions, Value of pensions, Taxpayers

Highlights From LAGERS 2017 Annual Financial Report

Arguably the most important document we produce at LAGERS is the comprehensive annual financial report (CAFR). This document is not only required by law, but it serves to give an update on the financial status of the LAGERS trust fund. Just about anything you would want to know about LAGERS can be found in the CAFR. The problem is, it isn't especially entertaining to read. So, for those who like the Cliffs Notes, here are the highlights from the 2017 annual report.

 

DOWNLOAD THE ENTIRE ANNUAL FINANCIAL REPORT HERE.

 

Tagged Funding, Unfunded Liability, annual report

Why LAGERS Members Should Not Fear Retirement Planning.

 

2017 Missouri LAGERS Annual Meeting Recap

Wow! What a fantastic turnout for the 2017 Missouri LAGERS Annual Meeting! Thank you to the over 300 in attendance. Celebrating 50 years of providing a secure retirement to our local government employees in Missouri is a joy in itself, but having the opportunity to spread the good news of Missouri LAGERS with them at the annual meeting takes the cake!

Newest Video: Quarterly Update

Our newest quarterly update video is here. CIO Brian Collett and Director Bob Wilson talk about the secret to LAGERS success, our rates of return for the last one year, five years and beyond.

Tagged Investments; Return; LAGERS Portfolio, Pension Health, LAGERS performance, Financial security, Quarterly Update

The "Pension Crisis" is a Myth

Since the Great Recession in 2008, warnings of an impending pension crisis have been splashed across the business pages of newspapers across the country. Despite these boisterous decrees, America's public pension funds are stable. We explore the roots behind the false pension crisis narrative and examine the facts.

Are You Planning to Work Until You Die?

 

 

The September 30th Washington Post article, The New Reality of Old Age in America, by Mary Jordan and Kevin Sullivan is an eye-opening look at the state of senior citizens in the United States. The main takeaway from this piece: the days of retiring after a career of work with a gold watch and secure lifetime income are over for many Americans. The new reality is one where Social Security is the primary source of income with a full or part-time job as a supplement, forcing individuals to live out their remaining days near the poverty line.

Tagged Defending Pensions, 401(k), pensions, three legged stool

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