I cannot believe it is the end of November already. Where has this year gone? We are just about to bid farewell to 2018 and turn the page on another very successful year for your LAGERS retirement system.
This post was originally published in June 16, 2015. Annual 2019 rates, as well as your annual valuation are now posted on eclipse, and it's a good time to refresh your knowledge on contribution rates and how they work. Download your annual valuation from eclipse to learn more.
Each LAGERS employer has a monthly contribution rate for its employee group that may change annually. This contribution the employer makes ensures proper funding of its pension benefits. There are many driving factors that play into calculation of LAGERS' employers contribution rates, and we will discuss the top three in this blog.