Author Archives: Jeff Kempker

We’re Not Producing Widgets: Why We Need Great People in Government Jobs

 

We all want to live in communities that are safe, stable and vibrant. This means we need to create towns with solid infrastructure, strong police protection, responsive fire and EMS services, great schools, good parks, and successful businesses. But the essential ingredient to produce great communities is so often overlooked. People make it happen!

Tagged Public service, Baby Boomers, Recruiting, pensions

$286 Million: That's How Much LAGERS Paid to Missouri Residents Last Year

DOWNLOAD THE 2018  ECONOMIC IMPACT REPORT

 

The recently released 2018 Economic Impact Report from Missouri LAGERS shows the pension fund paid $308 million to retired local government workers and their loved ones last year with ninety-three cents of every dollar ($286 million) staying in Missouri.

Tagged Economic Impact, Value of pensions, Missouri, pensions

If Your Employer Provides a Retirement Plan, You're in the Minority

 

A recent article in Forbes, Workplace Retirement Coverage Drops And The System Continues To Fail, by Teresa Ghilarducci, provides some sobering statistics about retirement preparedness for Americans. It is no surprise Americans who have access to a retirement plan at work will be better prepared for retirement than those without a plan. However, according to Ghilarducci, only 40% of workers in the U.S. are covered by a retirement offered by their employer. This is a 4% decrease since 2014 and this number has declined in 14 of the 17 years since 2000.

Tagged Retirement, Retire, Public service, Retirement plans, Value of pensions, three legged stool, secure retirement, congress

Why We Millennials Should Care About Our Pensions

 

There are so many reasons not to care about retirement. It's so far away. We have student loans to pay off. We are building a house. We just had a(nother) baby. We want to take a vacation. We want to buy a truck/boat/camper/iPhone, etc. It is so easy for the financial pressures of today to overshadow the financial necessities of tomorrow.

Tagged Millennials, Retirement, Retire, pensions

There Are Two Paths To Retirement, Find Out Which One You Will Take.

Photo by Jens Lelie on Unsplash

 

There are two paths to retirement, the traditional path and the non-traditional path. The traditional path is the one where you work your entire career and decide to retire to a life of leisure with no plans for a future job of any sort. The non-traditional path is a more of a gentle downward slope rather than a cliff into retirement. It is characterized by continuing some type of paid employment and gradually easing into the life of leisure when you sever ties with all employment for good. Which path will you take? If you're like most Americans, you will take the non-traditional path.

Tagged Retirement, Retire, secure retirement, Re-employment, Planning, Millennials, Finances

When is the Money Going to Run Out?

 

 

 

A few years ago, I was at a meeting where I was to give a presentation to a group of LAGERS retirees. Before I even started speaking at least three different people stopped me and asked, “So, when is the money going to run out?”

Tagged Missouri, pensions, Pre-Funding, Sound Funding

LAGERS CIO Talks Investment Strategy with Trusted Insight

Interview re-printed with permission from Trusted Insight.

Brian Collett is the chief investment officer of Missouri Local Government Employees Retirement System (MOLAGERS), a $7.5 billion system. Under his leadership, Missouri LAGERS performed among the top in the public fund universe, returning 9.45 percent annualized net of fees for the last five years.

Tagged Investments; Return; LAGERS Portfolio, Investments, Investment Return

VIDEO: HOW MUCH WILL I GET FROM LAGERS?

 

Tagged Retirement Benefits, Final Average Salary, retirement planning

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

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

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