3 Important Things For LAGERS' Retirees to Know Right Now

We want our retirees to have peace of mind regarding their LAGERS benefit during this time of uncertainty. Here are three important things to remember:

 

1. LAGERS does not anticipate any interruptions to benefit payments at this time. LAGERS has plans, procedures and technology in place to ensure continuation of our most important business functions. These plans are reviewed and rehearsed regularly so that we are prepared during a crisis.

 

2. LAGERS is a defined benefit plan, so the amount of your monthly payment does not change with the markets. Ups and downs in the investment world do not affect the amount of your monthly benefit payments. We will continue to deliver your earned payment amount each month for the rest of your life.

 

3. LAGERS’ investments are built to withstand all types of markets. Like a well-built house, LAGERS’ portfolio is made to endure, for the long term, all types of weather. LAGERS' investment team works tirelessly to ensure their processes are solid to make sure your retirement money is safe.

 

LAGERS has been contributing to the well-being of Missouri’s local government workers and retirees for over 50 years and we will continue to deliver on our commitments to you. We are committed to keeping you informed and will enhance and expand our communications throughout the duration of this emergency.

For more information, please visit molagers.org.

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Tagged Defined Benefit, Retirees, Cornonavirus, COVID-19

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1-800-447-4334
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