Last Friday marked the end of what has turned out to be a surprisingly productive session. This year was a refreshing change from recent sessions past in which the chambers found their legislative work slowed by conflict and infighting and PQs. Both chambers worked diligently to ensure this year was a different story.
We are entering into the final few weeks of session, as we continue to watch several bills that could impact LAGERS. Back in January, I wrote about three bills in particular: House Bill 1329, House Bill 2044, and Senate Bill 628. All three of these bills contain language that would allow for Metro Planning Organizations and Soil and Water Conservation Districts to seek membership in the LAGERS system.
Last week, LAGERS members gathered in Jefferson City to take part in a very first for our retirement system - an Advocacy Day. An advocacy day is an opportunity for members from across our state to gather in the capitol to demonstrate a physical presence of our system and to visit with legislators about the value of their LAGERS benefit. We had a great time, visited with tons of legislators, and brought some serious pension energy to the capitol building!! Here are a few highlights from our day!
The gridlock that held many bills hostage in the final days of Missouri’s 2015 Regular Legislative Session made no exceptions for three LAGERS bills, all of which stalled in the final days of session last week.
You’ve probably been hearing chatter in the media about the recent Congressional Spending Bill, which includes provisions that may allow certain multiemployer pension benefits to be cut. Many of the articles in the news are unclear about which plans are affected by this particular bill and have raised further questions from our members about the security of their LAGERS benefit.