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

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

September Article Roundup

Tagged News, Economic Impact, Employers, Members, Prospective Members, Retirees, Retirement

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