Planning your next decade toward financial security

As we begin a new decade, it might be a good time to think about your financial goals for the next 10 years or more. When saving for retirement, our approach must be a long term approach so we can properly invest the money and generate additional funds through investment in the market. For some of us, retirement may be coming in the next decade and others retirement may be more than a decade away. Either way saving for retirement is important no matter where you are in your savings journey.

Tagged Retirement, Savings, Financial Independence

2019 Review - Another Successful Year for the LAGERS System

Goodness gracious, we’ve bid farewell to yet another year. I can’t believe I’ve become one of those, but time truly does go by so fast. This summer marked my 25th year serving LAGERS and our members. Wow. Seems like just yesterday I was learning the ropes myself and so eager to start my career. I burned up the roadways traveling the state to meet members, employers and others. Flip a switch and here we are 25 years later – and I think I love what we do more than ever.

Tagged Funding, Investments; Return; LAGERS Portfolio, LAGERS performance, state of the system

10 Year Challenge: LAGERS Edition

 
 

Photo by Jamie Street on Unsplash

 

The 10-year challenge is all the rage on social media right now. People are posting pictures of themselves from 2009 and comparing them to pictures from 2019 as a way to see how 10 years has changed their appearance. It's made us wonder if we could do the same for LAGERS.

What is a LAGERS Pre-Retirement Seminar and Why Should I Attend?

Are you uneasy about how your LAGERS benefit works, how much you will get from LAGERS or whether or not your spouse will receive any income after you pass away? Maybe you don’t know anything about your LAGERS benefit and want to learn as much as you can in a short amount of time. Or, you want to learn more about your options for working after drawing a benefit, the cost of living adjustments, the Value of Your benefit or the taxation of your benefit. Each of these topics and more are discussed in-depth at a LAGERS Pre-Retirement Seminar.

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.  

The Economic Impact of your Retirement System

LAGERS' most recent economic impact numbers are in, and it looks to be another successful year of providing stable economic foundations for our members, retirees and the communities in which they live. Here are just a few quick stats:

Tagged Economic Impact

Bargain Shopping? How to Make Saving for Retirement Affordable

Traditionally, Black Friday is the beginning of the holiday shopping season. There are a number of steep discounts retail stores offer you and any savvy shopper would tell you are too good to pass up. Of course, it makes sense that you should try to spend less money on the same product you would have bought anyway. The same way it makes sense if you wanted to save the same amount of money in total by the time you retire, you want to pay less for it to accomplish your goal. Well, it’s possible if you begin saving at the right times.

Retiree Spotlight - Pat Wahler


After a long-time career serving her community as a Juvenile Officer in St. Charles County, Patricia (Pat) Wahler took the retirement plunge and has forged a new path for herself. Her passion for writing has lead to an award-winning second career as an author.
Pat explains, “Although I’d previously had short pieces published in a number of venues, including the Chicken Soup for the Soul series, I wanted to devote more time to establishing myself as a full-time writer.” And that is exactly what she has done.

Tagged Retirees

Annual Meeting 2019 - Educating, Informing and Honoring LAGERS Members and Employers

This year's Annual Meeting was by all counts a success. We met with many members and employer representatives and talk secure retirement benefits and the importance of having a pension. We got to showcase our wonderful hard working public servants by rolling out our first Local Government Hero Award. Congratulations to Brent Mullin, Sikeston Department of Public Safety, for being this year's winner. Brent works with Sikeston's Bulldog Pantry which provides clothing, supplies and food to kids in the community. Congrats to all our nominees this year, and we look to honoring many more LAGERS members with this accolade for many years to come!

Tagged Annual Meeting, local government hero award

LAGERS' Diane Towne retires - "the Right Place at the Right Time"

Diane, our pension expert benefits officer at LAGERS, retired last week after over 40 years in the pension industry. I was able to ask her a few questions about her career in the industry and how working to serve to local government employees of Missouri made a difference in her life.

Tagged LAGERS, Retirement

Contact LAGERS

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