Why Increased Member Contributions Doesn't Always Mean Better Benefits

Last year, Missouri law was amended to expand LAGERS’ participating employers options for employee contribution to a 0%, 2%, 4%, or 6% election. Previously, an employer could only elect a 0% or 4% employee contribution amount. Since then, we have received a number of calls from members and employers about this new option. One common theme of these calls has been members wanting to increase their LAGERS' contribution amount. However, they are disappointed when they find out that paying more in employee contributions doesn’t always directly result in better benefits.

Tagged Contributions, Benefit Change, contributory

5 Most Common Questions About Your Benefit - Our First Facebook LIVE

On May 23 LAGERS held our first Facebook LIVE event. Assistant Director Jeff Kempker answered the 5 most common questions we get from members on their LAGERS benefit, then answered your questions live. We had a great discussion about pensions and how they contribute to a secure retirement for many and how LAGERS is leading that effort.

Tagged contributory, eligibility, LAGERS, myLAGERS, purchasing service, Retirement, Retirement Benefits, Retirement Options, Retirement, Retire, rule of 80, Facebook

Why Your 4% Member Contributions Pay Off Big

Tagged 4%, contribtuions, contributory, Employers, Members

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