For LAGERS, Responsible Pension Funding Always Top of Mind

I recently attended a National Public Pension Funding Forum hosted by the National Conference of Public Employee Retirement Systems, and had the opportunity to hear from many pension fund administrators and experts about the pension funding successes and challenges in the United States.  As funds from across the county continue to work to ensure long term financial stability, one of my biggest takeaways from the event was that even though there are often no easy answers when it comes to pension funding, LAGERS is getting a lot of things right.

Tagged Budget, Sound Funding, Pre-Funding, Funding

Back By Popular Demand - The Significance of Your LAGERS COLA Benefit is Larger Than You Think . . .

This post was originally posted in August of 2017, and has been updated to reflect this year's COLA numbers.

 This year LAGERS retirees will receive a COLA (Cost of Living Adjustment) of around 2.87%. This increase will be reflected on October 1st and it means much more than just a slight increase to your monthly benefit. It shows the strength and overall financial security of your LAGERS pension system.

Tagged COLA, Defined Benefit, Funding, Members, Retirees, Retirement, Security

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

How It Works: Contribution Rates & Investments

I recently had the chance to speak with the board of a prospective employer, and a common question came up about the relationship between investment performance and contribution rates.  Coincidentally, I planned to share this blog post and video explaining the relationship between LAGERS investment performance and employer contribution rates.

Tagged pensions, Contribution Rates, Funding, Pre-Funding, Sound Funding

From Our Members - Is the 4% contribution withdrawn from my paycheck after taxes?

 This is the third post in our new series, based on members' real questions to us.

Tagged Retirement, Retire, taxes, Funding, Contributions

The Goal is "Better"

Photo by Garrhet Sampson on Unsplash

Goals are important. Every person and organization should set goals so they are constantly seeking to get better. This time of year people are thinking about their goals; some refer to these as New Year's Resolutions. It's a time to reset, recharge and prepare to run head first back into the fire of life.

Tagged Strategy, Goals, Funding, Service, Security

LAGERS' 50th Year Was a Good One

The past year was a really good one for LAGERS. We celebrated a big anniversary, remained on strong financial footing, welcomed 20 new employers, and more! Here are the highlights from a very eventful 2017.

LAGERS Celebrated Our 50th Anniversary

Tagged 2017, Investment Return, Funding, Employers, 50th Anniversary

Highlights From LAGERS 2017 Annual Financial Report

Arguably the most important document we produce at LAGERS is the comprehensive annual financial report (CAFR). This document is not only required by law, but it serves to give an update on the financial status of the LAGERS trust fund. Just about anything you would want to know about LAGERS can be found in the CAFR. The problem is, it isn't especially entertaining to read. So, for those who like the Cliffs Notes, here are the highlights from the 2017 annual report.

 

DOWNLOAD THE ENTIRE ANNUAL FINANCIAL REPORT HERE.

 

Tagged annual report, Funding, Unfunded Liability

The Significance of Your LAGERS COLA Benefit is Larger Than You Think . . .

This year LAGERS retirees will receive a COLA (Cost of Living Adjustment) of around 1%. This increase will be reflected on October 1st and it means much more than just a slight increase to your monthly benefit. It shows the strength and overall financial security of your LAGERS pension system.

Tagged COLA, Defined Benefit, Funding, Members, Retirees, Retirement, Security

Six Themes Important to the Success of LAGERS’ Investment Portfolio

Tagged Employers, Funding, Investments, Members, Prospective Members, Retirees, Returns, Secure

Contact LAGERS

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