LAGERS Economic Impact - Northeast Missouri

 

Tagged Defined Benefit, Economic Impact, pensions, Retirees, Value of pensions, Missouri

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

LAGERS Economic Impact - Northwest Missouri

LAGERS retirees contribute to the economies of cities and counties all across our great state. Just take a look at this snapshot of the economic impact created by the retirees of Northwest Missouri. In 2017, over $15 million was paid to our retirees, who then in turn spent money in our communities with their LAGERS benefits.

Tagged Defined Benefit, Economic Impact, pensions, Retirees, Value of pensions, Missouri

When is the Money Going to Run Out?

 

 

 

A few years ago, I was at a meeting where I was to give a presentation to a group of LAGERS retirees. Before I even started speaking at least three different people stopped me and asked, “So, when is the money going to run out?”

Tagged pensions, Pre-Funding, Sound Funding, Missouri

Contact LAGERS

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