$286 Million: That's How Much LAGERS Paid to Missouri Residents Last Year

DOWNLOAD THE 2018  ECONOMIC IMPACT REPORT

 

The recently released 2018 Economic Impact Report from Missouri LAGERS shows the pension fund paid $308 million to retired local government workers and their loved ones last year with ninety-three cents of every dollar ($286 million) staying in Missouri.

Tagged Economic Impact, Value of pensions, Missouri, pensions

What Financial Independence Means to Me

 

 

Tagged Financial security, Security, secure retirement, pensions

Are you covered under LAGERS?

People don't always know the answer to the question,"Who can participate in LAGERS?" Since LAGERS is a defined benefit pension plan and not based on an account balance, certain criteria have to be met in order for you to be able to participate in the plan.

Tagged pensions

Why We Millennials Should Care About Our Pensions

 

There are so many reasons not to care about retirement. It's so far away. We have student loans to pay off. We are building a house. We just had a(nother) baby. We want to take a vacation. We want to buy a truck/boat/camper/iPhone, etc. It is so easy for the financial pressures of today to overshadow the financial necessities of tomorrow.

Tagged Millennials, Retirement, Retire, pensions

LAGERS Economic Impact - Northeast Missouri

 

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

Rule of 80 Gives LAGERS Members Another Early Retirement Option

If your employer has elected the Rule of 80 option for your LAGERS retirement benefit, you have another option for when you can retire and collect your benefit.

Tagged early retirement, rule of 80, pensions, Retirement Benefits, Retirement Options, Retirement, Benefit

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

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 Missouri, pensions, Pre-Funding, Sound 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

Back by Popular Demand: How Retirement Benefits for Government Workers Help Everyone

Above: 2016 annual benefits paid to LAGERS' benefit recipients in Missouri.

 This post was originally published in November, 2017. For more information on how pensions benefit everyone, go to showmesecurity.molagers.org

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DOWNLOAD: LAGERS 2017 Economic Impact Report

Employee benefits are often thought to be for the betterment of one and only one group - the employees. Rather than simply providing a salary, employers use benefits like health insurance, retirement plans, and paid vacation to build morale, keep good workers, and to attract new workers. For these reasons, it makes sense to think that compensation other than salary are good for the employees and only the employees. But there is more to it than that.

A publicly-held company must make decisions that will positively affect the bottom line so the shareholders may profit. Likewise, government leaders serve the taxpayers and make decisions to enhance the prosperity of their communities. Decisions about employee benefits, therefore, cannot only be valuable to the employee, but also must make sense for the shareholder or taxpayer. In other words, all stakeholders must get some return on the investment for employee benefits.

Tagged Defending Pensions, Defined Benefit, Value of pensions, pensions, Economic Impact, Taxpayers

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