For many of our employers, it’s budget season! Usually around this time of year, we have an increased number of requests from you for changing your LAGERS benefit level(s). So, I thought it would be a good idea to discuss what can be changed, the process and the pros and cons of upgrading LAGERS benefits.
It's sometimes easy to get confused when it comes to retirement, benefits and the different accounts and options that are involved. Your LAGERS benefit is a very specific type of retirement benefit, called a defined benefit plan, otherwise known as a pension.
LAGERS believes that we play a critical role in helping local government employers, like you, recruit and retain high caliber workers into public service. One of our greatest tools in helping our employers achieve this is the flexibility of the LAGERS benefit structure.
Are you responsible for administering LAGERS’ benefits at your employer? This great opportunity is for you! The Certified LAGERS Administrator program is designed to give you a foundation of knowledge about LAGERS, enhance your ability to administer your LAGERS plan and know what resources are available to you.
https://www.molagers.org/assets/nomination-guidelines.pdfOne of our goals here at LAGERS is to celebrate local government service in our Missouri communities. LAGERS members are highly skilled local government workers that dedicate a career, sometimes that lasts their entire lifetime of work, to serving our communities.
Like with any benefit, there are certain eligibility requirements to be able to participate in LAGERS. As one of your most valuable benefits, it's important to make sure that you are enrolling employees correctly. Here's a quick refresher of who is and is not eligible to participate in LAGERS.
This blog was originally published on our LAGERS Bloggers blog in January of 2018, but we wanted to re-post it as the first post of our new blog all about employer reporting and administrative issues for LAGERS employer contacts.This blog discusses LAGERS future goals as they relate to our organization's strategic plan, so that you, as our administrator of the LAGERS benefits, know that you are a vital part of our overall effort to constantly raise the bar for our members.