This week we celebrate everything that makes our local governments wonderful. From roads, school buses, clean water and parks; to our local officials and our first responders - fire, police and EMS workers and everyone in between who works hard for their local communities.
This article is re-posted from our Administrator blog, the blog we do specifically for our administrative contacts who work on the employer reporting side of LAGERS. If you're interested in subscribing to this blog we'd love to deliver you this great content straight to your inbox once a month.
- About half of Americans age 55 and older have nothing saved for retirement. However, 20% of these do have access to a defined benefit pension plan.
- Defined benefit pensions are the preferred retirement plan for state and local government employers.
- 39 employers have chosen LAGERS defined benefit plan for their employees within the last year. Almost all switched from a 401(k)-type plan.
- Defined benefit plans, like LAGERS, help government employers attract and retain good workers to serve the community.
Are you reaching a point in your career where you can see the light at the end of the tunnel? If you’re within striking distance of retirement, that means you’re ready to start attending LAGERS’ Pre-Retirement Seminars! Anyone who is interested is invited to come, however, we strongly encourage anyone within 5 years to attend at least one Pre-Retirement Seminar before they begin drawing their LAGERS benefit.
Last week, LAGERS members from every corner of the state gathered in Jefferson City to visit with lawmakers about the importance of their LAGERS retirement system! It was an action-packed day, full of tons of great visits with our state lawmakers. Here are a few of the highlights!