LAGERS has been monitoring the impact of the Coronavirus (COVID-19) in an effort to ensure we are proactively protecting the health and safety of our members, staff, and all we come in contact with. On Tuesday, lawmakers issued a request urging all advocacy groups to avoid the Capitol. In consideration of this request and of the welfare of our members, we have decided to cancel our Legislative Day, which was originally scheduled for Wednesday, March 18th.

LAGERS is seeking legislation to further enhance the flexibility of the retirement system. Currently under law, a member employer has many options to tailor a retirement benefit that will meet the goals and needs of its unique workforce. The options for employer election range from the benefit multiplier, final average salary, retirement ages, and employee contributions.

The Missouri Local Government Employees Retirement System (LAGERS), the pension fund that covers over 60,000 Missouri local government employees and retirees, had a 7.1% total return (net of fees) for the fiscal year ending June 30, 2019.

A new report released by the Missouri Local Government Employees Retirement System (LAGERS) shows the $8.1 billion pension fund paid over $333 million in benefits last year, with $309 million paid to recipients living in Missouri.