LAGERS HAS ALL 4 COMMON CHARACTERISTICS OF A WELL-FUNDED PENSION PLAN

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.

Tagged Contributions, Investments, Contribution Rates, Financial, Funding, pensions, Plan Design, Retirement Security, Unfunded Liability, Pension Health, Financial security, Sound Funding, NASRA

Back By Popular Demand: Secure Income Helps Achieve Financial Security in Retirement

 

I recently read an article from the Washington Post which stated, “If you don’t want to run out of money in retirement, follow this rule of thumb.” So, of course I clicked into the article to see what kind of advice they had to give.

Tagged Secure, secure retirement, three legged stool, Financial security

Tax Refund? Spend it on your future self.

Did you recently find out you are going to receive a tax refund? Did you immediately think about what you could spend the money on? Maybe the things you are planning on spending your tax refund on are constructive, like car repairs, home repairs, pay off some credit card debt or others. However, it’s hard not to be tempted to spend that refund money on something fun, right?

Tagged Retirement Security, Savings, taxes, Financial security, Financial Independence

Bringing Financial Security and Peace of Mind

When we think about financial planning, we usually think about money, right? Of course money plays a big part in your financial planning, but we also need to consider what lifestyle we are going to live and how long are we going to need income. In other words, are you going to live an expensive lifestyle; and how long are you going to live?

Tagged Financial, retirement planning, Savings, secure retirement, Financial security, income replacement

What Financial Independence Means to Me

 

 

Tagged pensions, secure retirement, Security, Financial security

Help Your Future You: Set a Budget & Stick To It

When planning for your financial future, there are many different factors that you must consider to ensure you can achieve financial independence. I am constantly thinking about retirement, of course, because I work for a retirement system. But, for Millennials like me, we have a hard time thinking about retirement because it’s 20 or more years away. So, how do we set ourselves up to ensure we can reach a point in our life where we can do what we want, when we want to? Here’s idea to get you started, set a budget and stick to it.

Tagged Financial security, Retirement, Retire, Budget

The myLAGERS Route to Retirement Planning

What is myLAGERS, and why do I need a myLAGERS account?

I recently spoke with a former colleague who told me she was not even 30 years old yet and she has absolutely no interest in talking about or thinking about retirement or planning for her financial future. She did know when she would be vested in her current pension, but she had no idea how a pension works and couldn't tell me anything about her specific employer's plan. "I'll worry about that in a few years." Bottom line, she sounded exactly like me when I was her age, and my current-age self would love to have a "welcome to reality" talk with my younger self. Unfortunately, I was not convincing enough to make my former colleague take action to support her financial future, but she is now, at least, THINKING about it.

Tagged myLAGERS, Planning, secure retirement, Financial security, Retirement plans

LAGERS Funding Level Update

I recently sat down with Bob Wilson, LAGERS Director, to hear about our new funding level and how it matters to our employers and our members.

Tagged Investment Return, Funding, Investments; Return; LAGERS Portfolio, Retirement Security, secure retirement, LAGERS performance, Financial security, stock market, Sound Funding

our Experience with LAGERS

Jackie Barnett, PHR, SHRM-CP is a long-term public employee at the City of Columbia, MO.  She has completed 23 years of service and is the HR Manager responsible for payroll support and benefits for over 2000 employees. The City of Columbia has recently engaged LAGERS to do on-site meetings for its employees in order to better inform them on the value of a LAGERS pension. Since pensions are a great tool to attract, but also retain quality employees, the City wants to educate its employees on LAGERS in order to increase retention among City employees. This is her account of their experience.

Tagged reitrement, Retirement, value of local government, Value of pensions, Financial security, cities, municipalities, Local Government

A Secure Retirement for All - Not Just a Cool Vision Statement

A little over a year ago, LAGERS board and staff established “A Secure Retirement for All” as our new vision statement. By their nature, vision statements are meant to be lofty, inspiring and something on the edge of being unobtainable. However, every goal, strategy, and decision that is made at LAGERS is driven by this statement.

Tagged secure retirement, Value of pensions, Financial security

Contact LAGERS

1-800-447-4334
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