From Our Members: Can I Borrow Money from My LAGERS Account?

 

Tagged Defined Benefit, 401(k), Defined Contribution, Borrowing

Back By Popular Demand - The Significance of Your LAGERS COLA Benefit is Larger Than You Think . . .

This post was originally posted in August of 2017, and has been updated to reflect this year's COLA numbers.

 This year LAGERS retirees will receive a COLA (Cost of Living Adjustment) of around 2.87%. This increase will be reflected on October 1st and it means much more than just a slight increase to your monthly benefit. It shows the strength and overall financial security of your LAGERS pension system.

Tagged Defined Benefit, COLA, Funding, Members, Retirees, Retirement, Security

Your Personal Data Security…Priceless

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Tagged cyber security, Security, personal information

2018 Annual Meeting Happenings

If you know Mary Lou Newman-Teel, make sure you congratulate her on winning this year's drawing for free lodging at the annual meeting! And thank you to all who entered by registering for the annual meeting early.

Tagged Annual Meeting, Board of Trustees

Welcome to St. Louis!

 

This year’s LAGERS Annual Meeting is returning to wonderful St. Louis, MO! The hotel hosting the LAGERS Annual Meeting will be the Sheraton Westport Chalet located at the Westport Plaza in a suburb of St. Louis, Maryland Heights, MO. This wonderful hotel accommodates a large variety of meetings, including previous LAGERS Annual Meetings. Click Here for Reservation Information.

LAGERS Economic Impact - Northeast Missouri

 

Tagged Defined Benefit, Economic Impact, pensions, Retirees, Value of pensions, Missouri

There Are Two Paths To Retirement, Find Out Which One You Will Take.

Photo by Jens Lelie on Unsplash

 

There are two paths to retirement, the traditional path and the non-traditional path. The traditional path is the one where you work your entire career and decide to retire to a life of leisure with no plans for a future job of any sort. The non-traditional path is a more of a gentle downward slope rather than a cliff into retirement. It is characterized by continuing some type of paid employment and gradually easing into the life of leisure when you sever ties with all employment for good. Which path will you take? If you're like most Americans, you will take the non-traditional path.

Tagged Finances, Millennials, Planning, Re-employment, secure retirement, Retirement, Retire

You Should Attend This Meeting

Every year, around this time, I’m always amazed by how quickly time has flown. This year, of course, was no different. In fact, it seems like time is going faster each and every year. Now that the kids are back in school, playoff baseball and football are quickly approaching, its that time of year where we begin ramping up for the LAGERS Annual Meeting.

Tagged Employers, LAGERS Board, Members, Annual Meeting

Rule of 80 Gives LAGERS Members Another Early Retirement Option

If your employer has elected the Rule of 80 option for your LAGERS retirement benefit, you have another option for when you can retire and collect your benefit.

Tagged Benefit, pensions, Retirement, Retirement Benefits, Retirement Options, rule of 80, early retirement

Bob's Notes from NASRA

I recently attended the National Association of State Retirement Administrators annual training conference. It’s very helpful to get together with peers and share successes and what’s working best with others across the country. It serves both as an affirmation of some things we’re doing very well and an inspiration of other practices we can employ to be even better. (At this point I’m sure you’re thinking, “Wow, I bet THAT’S a giant gathering of retirement nerds...and you would be right. But we're hard working, caring nerds, so it’s all good.) My desk now includes 4 pages of notes ranging from cybersecurity ideas for discussion, team/leadership development, to membership surveys. The information is only as good as the user, so my task is to explore each item to see how it might make our system even better.

Tagged Risk, Security, risk assesment, NASRA

Contact LAGERS

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