Author Archives: Elizabeth Althoff

Governor Parson Signs LAGERS' Employee Contribution Bill Into Law

LAGERS employers will soon have more flexibility with their employee contribution election thanks to legislation signed by Governor Parson this week.

House Bill 1467, which the Governor signed on July 13, will extend LAGERS employers' options for the employee contribution election from the current 0% or 4% employee contribution to a 0%, 2%, 4%, or 6% employee contribution election.

“We are excited to be able to further enhance the flexibility of the LAGERS system so that every local government employer has the best tools possible to attract and retain the best public servants to serve in our communities,” says LAGERS Executive Director Bob Wilson. 

The new law will also permit governing bodies to make a separate employee contribution election if their employer has non-social security-covered employees who are covered under a different multiplier than their social security-covered employees.

Tagged Contributions, Legislation, issues & policy

LAGERS is Loving Local in July

Every year, LAGERS pays out over $300 million dollars in benefits to retirees living in Missouri. Our retirees not only served locally and retired locally, but they use their retirement dollars and spend locally. This July, we are celebrating all of the ways LAGERS retirees help support local businesses in their communities!

Tagged Economic Impact

Answers to Your Top COVID-19 FAQS

During these uncertain times, there seem to be more questions than answers. While your LAGERS system is designed to weather these types of storms, you may still have questions about how the COVID-19 outbreak will impact your LAGERS benefit. Here are the answers to the top frequently asked questions we have received:

Tagged Cornonavirus, COVID-19

Top 5 FAQs About LAGERS Expansion of Employee Contribution Option Bill

This year, LAGERS is seeking to expand the options available for employer election to provide more flexibility in the employee contribution election.  Currently, an employer can elect to be either contributory or non-contributory.  This year’s bills (House Bill 1467 and Senate Bill 768) seek to expand the options to 0, 2, 4, and 6% employee contribution.  Over the past two years, LAGERS staff has traveled the state visiting with our members and employers about this proposal.  While the feedback has been overwhelming positive, as with any legislative change, there are always questions.  Here are a few of the most common questions we’ve received regarding this year’s proposal.

Tagged Contributions, Legislation

Three Reasons Why You Should Attend LAGERS Legislative Day

On March 18th, LAGERS will be hosting our 3rd Annual Legislative Day.  While Legislative Day is a great opportunity for members and retirees to help advocate on behalf of their retirement system, there are many great reason why you don’t want to miss out on this year’s event!  Here are just a few:

Tagged Advocacy, Policy, issues & policy, legislative Day

LAGERS Pre-Files Legislation Seeking to Enhance Flexibility of Employee Contribution Options

LAGERS has pre-filed legislation that seeks to further enhance the flexibility of the retirement system. Currently under law, an employer has many options to tailor a retirement benefit that will meet the goals and needs of its unique workforce. The options for employer election range from the benefit multiplier, final average salary, retirement ages, and employee contributions.  

Back by Popular Demand: Why You Shouldn't Think of Your COLA as a Raise

One of the most common questions members ask at Pre-Retirement Seminars is ‘what is the average cost of living adjustment LAGERS retirees receive each year?’

Tagged COLA, cost of living adjustment, Members, Retirees

Facebook Live Replay - Public Safety

On Tuesday we held a Facebook Live event to explain the new LAGERS retirement eligibility options for certain public safety personnel. Elizabeth Althoff was instrumental in this project and explained how the new law works and answered the most common questions that we get about this new option.

Tagged Legislation, public safety

Legislative & Advocacy Update

Overview of 2019 Legislative Session The first regular session of the 100th General Assembly came to a close on May 17th. This year, the legislature tackled some major, and often controversial, issues and the final weeks of session were unsurprisingly not without little drama.

Tagged Legislation, Advocacy, legislative Day

Governor Parson Signs LAGERS' Public Safety Bill Into Law

Governor Parson signed LAGERS Public Safety Bill into law on July 10 meaning that many employers will soon have the option to cover EMS personnel, emergency telecommunicators, and jailors as Public Safety personnel with an age 55 normal retirement age.

Tagged EMT, General Assembly, Plan Design, Session, Retirement, Retire, public safety, Policy, issues & policy, first responders

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