The Art and Science of an Effective Board

Last week I had the opportunity to attend classes for my Certificate of Achievement in Public Plan Policy. I did not have any expectations going in other than I heard from co-workers the four-day event was quite grueling. My co-workers were correct, but I consider myself fortunate to have attended, as I expanded my knowledge about a variety of  topics within public pensions. I surprised myself that I found the governance class most appealing. Governance? Really? Yes, really. Surprise!

 

Tagged LAGERS Board, governance

LAGERS CIO Talks Investment Strategy with Trusted Insight

Interview re-printed with permission from Trusted Insight.

Brian Collett is the chief investment officer of Missouri Local Government Employees Retirement System (MOLAGERS), a $7.5 billion system. Under his leadership, Missouri LAGERS performed among the top in the public fund universe, returning 9.45 percent annualized net of fees for the last five years.

Tagged Investment Return, Investments, Investments; Return; LAGERS Portfolio

The Good "F" Word

Yes, there is a good “F” word; and the one we’re going to talk about is extremely important to you, whether you may know it or not.

Tagged fiduciary

VIDEO: HOW MUCH WILL I GET FROM LAGERS?

 

Tagged Final Average Salary, Retirement Benefits, retirement planning

5 Most Common Questions About Your Benefit - Our First Facebook LIVE

On May 23 LAGERS held our first Facebook LIVE event. Assistant Director Jeff Kempker answered the 5 most common questions we get from members on their LAGERS benefit, then answered your questions live. We had a great discussion about pensions and how they contribute to a secure retirement for many and how LAGERS is leading that effort.

Tagged contributory, eligibility, LAGERS, myLAGERS, purchasing service, Retirement, Retirement Benefits, Retirement Options, Retirement, Retire, rule of 80, Facebook

From Our Members: How Do I Change an Account on My Direct Deposit?

A member recently emailed with the following question: I am recently divorced and need to change my direct deposit from the joint account I had with my ex-wife to my current account. Do I simply complete the direct deposit form and submit with a voided check? Or is there another procedure for changing it if I am already receiving direct deposit?

Tagged divorce, direct deposit

How It Works: Contribution Rates & Investments

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

Bob's message from NCPERS

Photo Credit: NCPERS.org

Tagged Local Government

End of Session Marks a Productive Year

Last Friday marked the end of what has turned out to be a surprisingly productive session.  This year was a refreshing change from recent sessions past in which the chambers found their legislative work slowed by conflict and infighting and PQs.  Both chambers worked diligently to ensure this year was a different story. 

Tagged Legislation, 2018 Session

Back by Popular Demand: How Retirement Benefits for Government Workers Help Everyone

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

 This post was originally published in November, 2017. For more information on how pensions benefit everyone, go to showmesecurity.molagers.org

Visit Show Me Security

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

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