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!
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.
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.
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.
One of the most common questions that many pre-retirees have for us at LAGERS is, “how much notice do I need to give LAGERS of my retirement?” I have had some attendees at our seminars expect it to be six months or more. While I know the excitement of retirement may make you want to apply for retirement a year in advance, LAGERS will need notification only 30 days before you retire.