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:
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.
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.
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!
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.
It's always nice to be thanked for a job well done. Everyone needs an "atta boy" once in awhile. And the team at LAGERS is no exception. We love when our members send appreciation our way for protecting their retirement money.
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?’
Public pension plans that are well-funded share some common characteristics, according to the National Association of State Retirement Administrators (NASRA). And since LAGERS ranks in the top ten in terms of funding among U.S. plans, you may guess that these characteristics would be found in our practices. And you would be right.
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.