From the LAGERS Annual Meeting: Strong Performance Updates, Educational Sessions, and Board Elections

October 26, 2018

 

At the 2018 LAGERS Annual Meeting, updates were given about LAGERS strong performance, legislative updates, pension finance survey results, the important role of the LAGERS board, the new educational tools available and much more. As well, two current board members were re-elected to 4 year terms and another elected to fill the remainder of a term vacated by Kathy Barsczcak who retired from her LAGERS employer.

 

The meeting began with several educational breakout sessions that covered topics like How to Calculate LAGERS Benefits, LAGERS’ Disability & Survivor Benefits LAGERS’ payout options and much more. Each attendee had the opportunity to pick and choose which session they wanted to attend that best served their needs

 

After the breakout sessions were complete, the attendees had the opportunity to hear system performance updates from the LAGERS Board Chairperson, Arby Todd, LAGERS Executive Secretary, Bob Wilson, LAGERS Chief Investment Officer, Brian Collett and LAGERS Director of Investments, Megan Loehner. Overall, the reports showed the LAGERS system, as a whole, had a strong performance and continues to be one of the strongest funded pension plans in the country.

 

As well, Arby Todd announced the launching of a new Local Government Hero Award. This award is designed to recognize local government employees who are great example of what it means to be a public servant. Recipients can be anyone who is performing a public service and are a LAGERS member. For more information about the Local Government Hero Award, click here.

 

Finally, there were three Board of Trustee positions that were filled at the Annual Business Meeting. Barry McCullough, a current Employer Trustee from the City of Gladstone was elected to complete another 4 year term ending December 31, 2022. As well, Joan Jadali, a current Member Trustee from the City of Webster Groves was elected to complete another 4 year term ending December 31, 2022. Finally, Sandy Walker a new Member Trustee from the City of Poplar Bluff was elected to serve the remainder of a term ending December 31, 2020.

 

The  Annual Meeting had many opportunities for stakeholders to learn more about the LAGERS pension system, hear updates about the system’s performance, and have input on the future direction of the pension system by participating in the board elections.

 

 

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LAGERS' CIO Named Among Top 30 Chief Investment Officers

Jefferson City, MO – March 28, 2018

The Chief Investment Officer of the Missouri Local Government Employees Retirement System (LAGERS), Brian Collett, has been named one of the Top 30 Public Pension Chief Investment Officers by Trusted Insight.

 According to their website, Trusted Insight is the world’s largest network of institutional investors and their top-30 list “features 30 industry thought-leaders that oversee stellar investment teams, expertly navigate the markets and are instilled with the compassion to serve the beneficiaries of U.S. public pension systems.”

Brian was hired as LAGERS’ first CIO in 2005 and has transformed the System’s portfolio to be one of the top performing funds in the public universe. Under his leadership, LAGERS’ investments have produced a 9.45% annualized, net of fees, return over the last five years, which is 2.33% above the System’s policy benchmark and 2.2% above the System’s 7.25% assumed rate of return.

Brian holds the Chartered Financial Analyst® designation and is also a Charted Alternative Investment Analyst. He holds a Bachelor’s of Science in Mathematics from Marian University, a Master’s of Business Administration from Butler University, and currently serves on several advisory boards for numerous US and global investment funds.

Read Trusted Insight's news release here.

LAGERS One-Year Return Holds Strong

LAGERS is pleased to report as of June 30, a one-year investment return of 12.04% (unaudited), net of all fees.

 

Strong investment returns are always good news for members, employers, and taxpayers alike.  LAGERS credits excess investment gains back to the employers helping to ensure the future security of the system and the members we serve.

And while one-year returns are of note, LAGERS greater focus remains on ensuring the long-term security of the system so that Missouri’s local government employers can continue to rely on LAGERS as a tool that attracts and retains the highest skilled, most dedicated public workers into our local communities.

 

 

 

Missouri retirement system partners with UMass Medical School to enhance disability determination process

 

LAGERS Begins Administering First Legacy Plan

LAGERS Celebrates 50 Years of Retirement Security

 Jefferson City, MO - January 31, 2017

 

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LAGERS' Megan Loehner named one of the Top 30 Women Rising Stars in Institutional Investing by to Trusted Insight magazine.

Missouri Local Government Employees Retirement System
Missouri Local Government Employees Retirement System
Missouri Local Government Employees Retirement System