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 direct deposit, divorce

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 pensions, Contribution Rates, Funding, 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, Value of pensions, pensions, Economic Impact, Taxpayers

401(k)s are NOT the right solution for Millennials

How many times have you come across a member of the Millennial generation who is concerned with whether or not they're saving enough for retirement? I’m sure the answer is either "never" or "not very often.'

The Backbone of Our Communities


This week we are celebrating public servants during Public Service Recognition Week. It's a time to take a moment to observe the men and women that make our communities go. At LAGERS, we have the pleasure of serving the public servants with whom we interact with daily. We have collected many stories from these wonderful people over the years and would like to share some of those stories here as we say THANK YOU to all the public servants out there!

Tagged Local Government, municipalities, Public service, Taxpayers, value of local government

Another Strong Quarter for LAGERS

About a week ago, I spoke with LAGERS leadership about the financial progress of the LAGERS system. I am happy to report that LAGERS continues to be a financial strong system for its members.

Tagged Pension Health, pensions, Pre-Funding, Bob Wilson, Brian Collett

A Secure Retirement for All - Not Just a Cool Vision Statement

A little over a year ago, LAGERS board and staff established “A Secure Retirement for All” as our new vision statement. By their nature, vision statements are meant to be lofty, inspiring and something on the edge of being unobtainable. However, every goal, strategy, and decision that is made at LAGERS is driven by this statement.

Tagged Value of pensions, secure retirement, Financial security

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