I cannot believe it is the end of November already. Where has this year gone? We are just about to bid farewell to 2018 and turn the page on another very successful year for your LAGERS retirement system.
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.
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?”
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.