3 Reasons Why An Employer Should Provide a Pension 

IMG_2654.jpgA utility worker from Rolla Municipal Utilities (above) clears debris.

 

Governments face many tough decisions when determining how to make the best use of taxpayer dollars. Citizens demand a certain level of service from public entities for protection, infrastructure, health, education, and more. Of course, in order to provide these services, governments need to be able to attract and retain qualified workers. The better the public workers you have working in your community, the better services you will enjoy as a taxpayer.

Tagged Retirement Security, Upgrade, Value of pensions, Financial security, Taxpayers, Retirement plans, Public service, Strategy

Your 1099 Decoded

1099's are now available to download from your myLAGERSaccount. We will mail paper copies to everyone on January 31, so keep this blog post handy as a reference to decoding the taxation of your retirement benefit.

Tagged 1099, taxes, Taxpayers

How Retirement Benefits for Government Workers Help Everyone

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

 

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, Economic Impact, pensions, Value of pensions, Taxpayers

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