How Retirement Benefits for Government Workers Help Everyone

Above: 2016 annual benefits paid to LAGERS' benefit recipients in Missouri.

 

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, Economic Impact, pensions, Value of pensions, Taxpayers

Highlights From LAGERS 2017 Annual Financial Report

Arguably the most important document we produce at LAGERS is the comprehensive annual financial report (CAFR). This document is not only required by law, but it serves to give an update on the financial status of the LAGERS trust fund. Just about anything you would want to know about LAGERS can be found in the CAFR. The problem is, it isn't especially entertaining to read. So, for those who like the Cliffs Notes, here are the highlights from the 2017 annual report.

 

DOWNLOAD THE ENTIRE ANNUAL FINANCIAL REPORT HERE.

 

Tagged Funding, Unfunded Liability, annual report

Why LAGERS Members Should Not Fear Retirement Planning.

 

2017 Missouri LAGERS Annual Meeting Recap

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!

Newest Video: Quarterly Update

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.

Tagged Investments; Return; LAGERS Portfolio, Pension Health, LAGERS performance, Financial security, Quarterly Update

The "Pension Crisis" is a Myth

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.

Are You Planning to Work Until You Die?

 

 

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.

Tagged Defending Pensions, 401(k), pensions, three legged stool

Applying For Your Benefit is Easier Than You Think

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.

Tagged secure retirement, Retirement Application

More Economic Good News for Pemiscot County...and the Rest of Missouri

Here is a little teaser from our newest Economic Impact Report, which is coming soon!  Be on the lookout for our latest report with the most up-to-date economic impact data to see the major economic impact that YOUR retirement benefit is leaving on our great state!  

Tagged Getting it Right, Economic Impact

Wage Reporting Questions?

Missouri LAGERS employers must complete and submit a monthly wage report for covered employees as part of the administration of their LAGERS plan.  This report helps determine the employerscontributions and members’ final average salary at retirement.

Contact LAGERS

1-800-447-4334
M-F: 8:00 a.m. - 5:00 p.m.