Back by Popular Demand - The City of Webster Groves switched to LAGERS

 

For America Saves Week, we're bringing back the story of the City of Webster Groves and how they found that a defined benefit pension plan was the best option for their employees to securely save for retirement. The City wanted to ensure that their employees had the best opportunity to achieve a secure retirement that could be provided. In turn, the employees benefited from the security of a defined benefit plan, and the City could remain competitive in order to recruit and retain the best crop of public servants for the community. Read Joan's account of how they came to the conclusion that LAGERS provided the best value for the employees of Webster Groves.

Tagged Defined Contribution, Retirement Security, value of local government, Value of pensions, Retirement, Retire, cities, Local Government, Missouri

Local Government Hero Finalists Announced

We're proud of each and every one of our nominees for their accomplishments and dedication to the community and to public service. It was a challenge to pick just three finalists for the first LAGERS Local Government Hero Award.

Tagged value of local government, Local Government, local government hero award

Public Service Recognition Week Reminds Us of Our Members' Dedication and Commitment

This week is Public Service Recognition Week, and what better way to celebrate than to highlight a couple of our members that work at one of our newest employers, Daniel Boone Regional Library.

Tagged value of local government, Public service, Local Government, public service recognition week

National Lineman Appreciation Day

Whew! There's so much to celebrate in local government this week. It's Local Government Week, National Public Safety Telecommunicators Week, and today is National Lineman Appreciation Day.

Tagged value of local government, Local Government, lineman, telecommunications workers

Happy Local Government Week!

This week we celebrate everything that makes our local governments wonderful. From roads, school buses, clean water and parks; to our local officials and our first responders - fire, police and EMS workers and everyone in between who works hard for their local communities.

Tagged value of local government, Missouri Municipal League, Local Government, local government hero award

Behind the Scenes, Dickerson Park Zoo

Come with us on a behind the scenes visit to LAGERS employer Dickerson Park Zoo in Springfield. You'll see just how important it is to these LAGERS members that they get to serve their community in such a fun and interesting way. These City of Springfield employees work in many different roles at the zoo, with most of them being Zookeepers and caretakers of the animals. Their commitment to their jobs and their service shows through in each of the videos below.

Tagged Employers, Members, value of local government, Local Government

Women Working in "Non-Traditional" Fields - New Board Member Sandy Walker

International Women's Day was last week, and what better way to celebrate then to speak to a woman who's been breaking the mold of what we're told should be "a woman's job" all her life.

Meet our new Board member, Sandy Walker, in her own words.

Tagged Board Member, LAGERS Board, value of local government, Local Government, Board of Trustees

Lessons from failed pension reform

We spend a lot of time talking about the savings crisis in the United States.  We’ve written about the unfunded liabilities in 401(k) plans, we’ve written about the lack of financial literacy, and the dangerously low retirement account balances across the country.  And while all of this might lead to the conclusions that having a defined benefit plan, like LAGERS, is an important cornerstone to retirement security in America, pension reform debates still often favor the significant reduction or elimination of defined benefit plans altogether.   

Tagged firefighter, pension reform, police, reform, value of local government, Value of pensions

Why the City of Webster Groves Switched from a Defined Contribution Plan to a Defined Benefit Plan

In 2013, the City of Webster Groves joined the Missouri Local Government Employees Retirement System (LAGERS), a statewide public defined benefit retirement plan covering local government workers from all across Missouri. This is our story of why and how we made this giant leap forward in providing retirement benefits to our employees, and, we believe, in ultimately enhancing service to our citizens.

Tagged Defined Contribution, Retirement Security, value of local government, Value of pensions, Retirement, Retire, cities, Local Government, Missouri

our Experience with LAGERS

Jackie Barnett, PHR, SHRM-CP is a long-term public employee at the City of Columbia, MO.  She has completed 23 years of service and is the HR Manager responsible for payroll support and benefits for over 2000 employees. The City of Columbia has recently engaged LAGERS to do on-site meetings for its employees in order to better inform them on the value of a LAGERS pension. Since pensions are a great tool to attract, but also retain quality employees, the City wants to educate its employees on LAGERS in order to increase retention among City employees. This is her account of their experience.

Tagged reitrement, Retirement, value of local government, Value of pensions, Financial security, cities, municipalities, Local Government

Contact LAGERS

1-800-447-4334
M-F: 8:00 a.m. - 5:00 p.m.