System Data Security with LAGERS' Director of Technology Jamie Houk

security

There are many posts throughout this blog that use the word security in different ways:

Financial Security

A Secure Benefit.

Data Security

See what I mean? There are many more...

The security of the benefit our members have earned over a career in public service is of the highest importance to us, and we strive to maintain not only excellence but to be the absolute best at protecting your data and your benefit. Today we're talking data security. Every year LAGERS participates in an external security assessment, and for the 6th year straight we've come out on top with a perfect 4/4 rating. Our director of technology Jamie Houk explains how we stay on top of our game and maintain the highest standards in the Data Security space.

Tagged cyber security, Security, data security, information technology

Your LAGERS Defined Benefit Plan Can Bring Peace of Mind

When the stock market is in flux like it has been recently, having a defined benefit that grows as you continue to work regardless of market performance can be very reassuring. Additionally, many of our retirees during this time have expressed their monthly check has been a stabilizing force for their financial security. So, rest assured your LAGERS defined benefit provides you with financial security both today and when you retire.

Tagged Defined Benefit, secure retirement, Security

Don't thank LAGERS. Thank your employer.

Photo by Simon Maage on Unsplash

 

It's always nice to be thanked for a job well done. Everyone needs an "atta boy" once in awhile. And the team at LAGERS is no exception. We love when our members send appreciation our way for protecting their retirement money.

Tagged secure retirement, Security, Value of pensions, Retirement, Retire

6 Things LAGERS Does to Protect Your Money

Photo by maria pagan on Unsplash

 

LAGERS understands that the benefits we offer help tens of thousands of Missourians gain financial independence. We take our responsibility as caretakers of your money very seriously. LAGERS' Board of Trustees and staff are considered fiduciaries. This means we are legally obligated to act and make decisions that are in the best interest of our members and their beneficiaries. There are many specific things we do on a daily basis to help protect your money. Here are a few.

Tagged LAGERS Board, Retirement Security, Security, governance, Advocacy, prefunded, Financial Independence

Proof That Pensions Are Sustainable For Missouri's Local Governments

Photo by Fabian Blank on Unsplash
  • About half of Americans age 55 and older have nothing saved for retirement. However, 20% of these do have access to a defined benefit pension plan.
  • Defined benefit pensions are the preferred retirement plan for state and local government employers.
  • 39 employers have chosen LAGERS defined benefit plan for their employees within the last year. Almost all switched from a 401(k)-type plan.
  • Defined benefit plans, like LAGERS, help government employers attract and retain good workers to serve the community.

 

Tagged 401(k), pensions, Security, Value of pensions, Retirement, Retire, Local Government, Missouri

What Financial Independence Means to Me

 

 

Tagged pensions, secure retirement, Security, Financial security

Back By Popular Demand - The Significance of Your LAGERS COLA Benefit is Larger Than You Think . . .

This post was originally posted in August of 2017, and has been updated to reflect this year's COLA numbers.

 This year LAGERS retirees will receive a COLA (Cost of Living Adjustment) of around 2.87%. 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

Your Personal Data Security…Priceless

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Tagged cyber security, Security, personal information

Bob's Notes from NASRA

I recently attended the National Association of State Retirement Administrators annual training conference. It’s very helpful to get together with peers and share successes and what’s working best with others across the country. It serves both as an affirmation of some things we’re doing very well and an inspiration of other practices we can employ to be even better. (At this point I’m sure you’re thinking, “Wow, I bet THAT’S a giant gathering of retirement nerds...and you would be right. But we're hard working, caring nerds, so it’s all good.) My desk now includes 4 pages of notes ranging from cybersecurity ideas for discussion, team/leadership development, to membership surveys. The information is only as good as the user, so my task is to explore each item to see how it might make our system even better.

Tagged Risk, Security, risk assesment, NASRA

LAGERS Member Rosalie Spencer on 50 Years with Rolla Municipal Utilities - "It's Been an Honor to Serve Rolla."

My colleague Penny and I recently spent some time in Rolla to honor one of our long-standing members, Rolla Municipal Utilities employee Rosalie Spencer, who was celebrating 50 years with the organization with a lunch reception. Around 70 of Rosalie's friends, family and coworkers present and past were on hand to celebrate her accomplishment. "When I started here, I told them if they hired me I wanted to stay until I retire. And I am." Rosalie plans to retire at the end of April of this year, and because she has stayed for 50 years should be able to replace a sizable amount of her salary with her LAGERS benefit.

Tagged LAGERS, pensions, retiree, Retirement, Retirement Benefits, Retirement Security, Secure, secure retirement, Security, Financial security, Retirement, Retire

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