Why the City of Webster Groves Switched from a Defined Contribution Plan to a Defined Benefit Plan

In 2013, the City of Webster Groves joined the Missouri Local Government Employees Retirement System (LAGERS), a statewide public defined benefit retirement plan covering local government workers from all across Missouri. This is our story of why and how we made this giant leap forward in providing retirement benefits to our employees, and, we believe, in ultimately enhancing service to our citizens.

Tagged Missouri, Value of pensions, Local Government, cities, Retirement, Retire, value of local government, Retirement Security, Defined Contribution

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

Did you know LAGERS will come to you?

Our guest blogger Katie Hunze from Jefferson County explains what is involved in a LAGERS on-site Pre-Retirement Seminar and how they can help employees understand their benefit.

Jefferson County hosted its first Pre-Retirement Seminar in April; open to all our employees. We were pleased to have 95 employees for our first attempt. Our vision is to ensure that whether retirement is five years or twenty-five years away, all employees should have a solid understanding of what they’re working towards every single day. We appreciate and value all of our public servants and want them to be able to enjoy the retirement that they have worked so hard for! Retirement benefits are covered during our new hire orientation but that can be somewhat overwhelming and this seminar allowed us to focus on the specific topic of retirement.

Tagged Local Government, Retirement, Retire, secure retirement, Retirement Security, Retirement Benefits, Pre-Retirement Seminars

Bob's message from NCPERS

Photo Credit: NCPERS.org

Tagged Local Government

The Backbone of Our Communities


This week we are celebrating public servants during Public Service Recognition Week. It's a time to take a moment to observe the men and women that make our communities go. At LAGERS, we have the pleasure of serving the public servants with whom we interact with daily. We have collected many stories from these wonderful people over the years and would like to share some of those stories here as we say THANK YOU to all the public servants out there!

Tagged Local Government, municipalities, Public service, Taxpayers, value of local government

Everything you wanted to know about pensions but were afraid to ask

Defined benefits.

Funding levels.

Investments.

Contributions.

Economic Impact.

Any of this making sense yet?

Tagged Economic Impact, Local Government, Retirement, Retire, Financial security, Value of pensions, Retirement, pensions

Three things I learned from the Partners in Governance Conference

DacKCScWkAA9HvE-1Last week, I had the opportunity to attend the Missouri Municipal League’s Partner in Governance Conference.  This event is a one-day gathering of the minds, with partners from the Missouri Municipal League, the Institute of Public Policy at the University of Missouri, the Missouri Association of Counties, the Missouri School Boards' Association and FOCUS-St. Louis, in which local leaders discuss various challenges and best practices in local government.  While the entire day was outstanding (and I’d highly recommend you attend next year), there were a few highlights for me that I think are particularly noteworthy.

Tagged Missouri Municipal League, Local Government

Celebrate Local Government With Us Next Week

 

 I could say this is the time of year when all of us at LAGERS turn our attention to Local Government, but that would be a lie. Our attention is ALWAYS on local government, in particular local government employees, and how they make our communities better.

Tagged Missouri Municipal League, Local Government

Contact LAGERS

1-800-447-4334
M-F: 8:00 a.m. - 5:00 p.m.