LAGERS News

LAGERS Prepares to Release Member Web Portal

January 2012

Coming Summer 2012, LAGERS will be releasing our Member Web Portal which allows every LAGERS member to access his or her personal account information online.

Members will be able to log on and:

View/Change Personal Information
View/Change Beneficiary Information
View Annual Statement
View Past and Present Service Credit
View and Track Purchase of Service
Estimate Purchase of Military Service
Check Employee Contribution Account Balance
Generate and Save Benefit Estimate(s)
Apply for Retirement
Set up Tax Withholding for Retirement

Retirees will be able to log on and:

View/Change Personal Information
View/Print 1099-R
View/Print Income Verification Letter
View/Update Tax Withholding Information
View and Update Beneficiary Information

Check back soon for more information regarding release dates of the Member Web Portal!

Also in 2012...

Beginning in 2012, LAGERS will be issuing brand new, completely redesigned member statements. The new statements have been refined and streamlined for ease of reading. Additionally, for members who have had multiple LAGERS employers, service will be compounded into one comprehensive statement.

In past years, LAGERS has mailed annual statements to each employer sometime in October. Beginning this year, and going forward, you should receive your statement sometime in the first quarter of the year.

Below is a sample of what your new member statement will look like:

Legislative Session ends with no Changes to LAGERS Benefit Structure

May 2011

The 2011 Missouri State legislative session ended May 13th with no changes to LAGERS benefit structure. The one LAGERS bill that did pass only affects LAGERS internal accounting functions by changing the way the system pays duty related death benefits. This bill has no effect on member benefits, only LAGERS internal functions.

Governor Nixon Appoints Franklin as Citizen Trustee

December 2010

The Governor has appointed John R. (Dick) Franklin, of Independence, to the Missouri Local Government Employees Retirement System Board of Trustees. From 1989-2002, Franklin served as a Missouri State Representative for the 53rd District. He received the Meritorious Service to Education Award from the Missouri Association of School Administrators and received the A+ Legislator Award from the Missouri National Education Association. The Governor has appointed him for a term ending Dec. 31, 2012. Mr. Franklin is replacing Jack Pierce, Jefferson City, who passed away in June 2010.

LAGERS Portfolio Performs in top 10% of US Public Pensions

October 2010

The LAGERS portfolio produced a total return of 16.2% for the fiscal year ending June 30, 2010. This substantial return put LAGERS in the top 10% of US public pension funds for investment performance for the year.

LAGERS Annual Financial Report is now available for viewing here.