The Goal is "Better"

Photo by Garrhet Sampson on Unsplash

Goals are important. Every person and organization should set goals so they are constantly seeking to get better. This time of year people are thinking about their goals; some refer to these as New Year's Resolutions. It's a time to reset, recharge and prepare to run head first back into the fire of life.

Tagged Funding, Security, Service, Strategy, Goals

Pension Reform Should Not Focus On All-Or-None Solutions

Tagged Employers, Members, pension reform, Prospective Members, reform, Retirees, Security, three legged stool, Unfunded Liability

Decoding your Member Annual Statement

Very soon, you will be receiving your Member Annual Statement. While this piece of paper may not seem like much, it is a beneficial tool in your retirement planning arsenal. As you may know, your LAGERS retirement benefit will provide you with a secure stream of income when you retire. Coupled with your own personal savings, Social Security, and other sources of income, your LAGERS benefit will help you achieve financial independence when you decide to retire in the future. So, one of the first things that your annual statement may help you do is plan your retirement saving efforts by you knowing how much to expect from your LAGERS benefit.

Tagged Members, Retirement, retirement planning, secure retirement, Security

The Significance of Your LAGERS COLA Benefit is Larger Than You Think . . .

This year LAGERS retirees will receive a COLA (Cost of Living Adjustment) of around 1%. This increase will be reflected on October 1st and it means much more than just a slight increase to your monthly benefit. It shows the strength and overall financial security of your LAGERS pension system.

Tagged Defined Benefit, COLA, Funding, Members, Retirees, Retirement, Security

Grandpa’s Advice: “Find an Employer with a Good Retirement.”

Tagged Employers, Members, Prospective Members, Retirees, Security

The Top 5 Questions on LAGERS Retirees’ Minds

Tagged Members, PLUS, Re-employment, retiree, Retirees, Retirement, Security, taxes

LAGERS Funding Level Speaks to Something More

The numbers are in. LAGERS updated funded level for the year has risen to 94.4% pre-funded, on an actuarial basis. That’s great news for members and employers, but what does that really tell us?

Tagged Funding, Members, Pre-Funding, Security

5 Reasons to Love Your LAGERS

It’s an easy thing to do: forget about your LAGERS benefit. With all the hustle and bustle of our busy lives, your LAGERS benefit may be something you don’t think about very often; maybe it’s no more than a glance at your member statement once a year. With all the love in the air this week, I thought we’d talk about some of the reasons why your LAGERS benefit is worth thinking about a little more often. So whether or not you’re cuddled up with your sweetheart this Valentine’s day, don’t forget to give your LAGERS benefit a little love too! Here are my top five reasons on why you should love your LAGERS!

Tagged COLA, Disability Benefits, Employers, Members, Prospective Members, Retirees, Security, Survivors Benefits

Is My LAGERS Benefit Secure?

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.

Tagged congress, General Assembly, Legislation, Members, Retirees, Secure, Security

Contact LAGERS

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