Employers
LAGERS has partnered with over 800 local government units from across Missouri. Our partner employers work every day to make Missouri’s communities a place to call home, and we are committed to helping provide them with the best tools they need to develop a world class public workforce.
Below are links to help you better understand the funding and accounting of your LAGERS retirement plan.
Your employer has the flexibility to change their LAGERS benefit levels to best meet their personnel goals and budget. Learn more about your plan by clicking the links below.
Below are some additional resources available for the administration and communication of your LAGERS benefit.
Local governments are the heartbeat of Missouri. They touch the lives of every Missouri citizen, every day. Strong local governments start with great public servants, and Missouri LAGERS is here to make sure every local community has the tools they need to attract and retain good workers that provide valuable services to the taxpayers.
How do we help you do this? LAGERS is a tool our employers use to make employment in local government attractive. And because members’ benefits are service-based, LAGERS also creates an incentive to keep workers employed long term.
After a career in public service, LAGERS provides the mechanism to transition out of the workforce with dignity and financial security, creating steady and predictable movement within the workforce so employers can make better personnel decisions and employees are motivated by opportunities for advancement.
Employer News
March Board Report
The LAGERS Board of Trustees convened for their quarterly board meeting on Friday, March 20, 2026, at the LAGERS office in Jefferson City. Board Chair Joan Leary called the meeting to order. System Operations Hearing Officer Roster Approved to Expedite Disability Process As part of the recent changes to LAGERS’ disability process (16 CSR 20-3.020), the board unanimously approved a new roster of hearing officers to be used when a formal disability hearing is requested. Hearing officers from the roster will be automatically appointed on a rotating basis. This new, automatic appointment process will help expedite the disability hearing proceedings. Previously, when a member requested a hearing, a hearing officer could not be appointed until the board’s next regularly scheduled quarterly meeting. Investment Report LAGERS’ Chief Investment Officer Scott Day presented the system’s quarterly market update and investment performance report, noting the portfolio is performing as expected. LAGERS’ investment performance as of 12/31/2025 is as follows: One-year: 9.8%Five-year: 7% Actuary’s Report Board Adopts Slight Adjustments to Actuarial Assumptions Following a presentation of preliminary findings at their December meeting, the board reviewed LAGERS’ actuarial experience study and adopted the following actuarial assumptions: Investment assumption: 7% (no change)Wage inflation assumption: 3% (increase from 2.75%)COLA increase assumption: 2% (no change) Adjustments to demographic assumptions, including merit and longevity, withdrawal rates, and retirement and disability rates, as recommended by LAGERS’ actuary, were also unanimously approved. The actuarial experience study reviews how the plan’s recent demographic and economic experience compares to the assumptions used in the annual valuation. This process ensures that key assumptions, such as retirement patterns, mortality rates, and salary growth, accurately reflect observed trends, ultimately ensuring LAGERS’ funding remains strong. The adopted changes will be incorporated into the actuarial valuations prepared as of Feb. 28, 2026, and may create a slight upward effect on some employer contribution rates. Management Report FY 2026 Budget On Track Chief Financial Officer, Melissa Rackers, reviewed the system’s annual budget, noting it is on track within its major spending categories. Staff Reports Healthy Legacy Plan Program In 2016, the General Assembly approved legislation allowing LAGERS to administer prior non-LAGERS retirement plans for participating employers. LAGERS currently administers 10 legacy plans, with LAGERS’ board serving as trustee for each plan. When LAGERS assumes administration of a legacy plan, the plan’s provisions are frozen and continue to be administered separately according to the terms already in effect at the time of transfer. Currently, four of LAGERS’ 10 legacy plans are fully funded, with the other six plans paying their remaining liabilities on a 15-year schedule. All legacy plans are current in their payments. Quiet Legislative Session for Pensions LAGERS’ government affairs team gave an informational update on the 2026 legislative session, noting LAGERS does not have any initiatives this session. Top themes among the nearly 3,000 bills filed this session include: tax reform, shrinking revenues, and an upcoming election cycle with less than 1% of bills directly impacting public pension plans. Direct legislation of note includes HB 2884, limiting political contributions by pension systems. LAGERS’ current board-adopted policy already prohibits political expenditures. Membership Stats Highlight Long-Term Membership LAGERS Chief […]
Board of Trustees to Convene for Quarterly Meeting This Friday
March 16, 2026
The LAGERS Board of Trustees is scheduled to convene for their quarterly meeting this Friday, March 20, 2026 beginning at 8 a.m.
Completing Your Wage Report: What to Report (and What Not to Report) to LAGERS
March 10, 2026
Monthly wage reporting is one of the most important steps you take to keep member records accurate and to make sure retirement benefits are calculated correctly down the road.
