July 14, 2020
GOVERNOR PARSON SIGNS LAGERS’ EMPLOYEE CONTRIBUTION EXPANSION BILL
July 14, 2020, For Immediate Release Jefferson City, MO - Governor Parson has signed LAGERS’ employee contribution expansion bill, meaning...
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June 23, 2020
LAGERS Earns Award for Financial Reporting for 42nd Consecutive Year
The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Certificate of Achievement for Excellence...
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May 26, 2020
LAGERS Response to COVID-19
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 and staff, and to ensure that our normal business operations and services to our members and retirees continue uninterrupted.
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May 15, 2020
LAGERS’ Expansion of Employee Contribution Bill Passed the General Assembly
With one week left in the second session of the 100th General Assembly, LAGERS’ Expansion of Employee Contribution Bill, House...
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March 12, 2020
LAGERS Legislative Day 2020 Canceled
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.
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January 11, 2020
LAGERS Seeks to Enhance Flexibility of Employee Contribution Options
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.
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September 23, 2019
System Portfolio Earns 7.1% for the Year
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.
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August 30, 2019
New Report Shows How Retiree Spending Benefits Every County in Missouri
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.
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July 10, 2019
Gov. Parson Signs LAGERS’ Public Safety Personnel Bill
This legislation enables LAGERS-participating employers in third-class counties and Cape Girardeau county to choose to designate their jailors, EMS personnel, and emergency telecommunicators as public safety personnel with an age 55 normal retirement age.
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June 30, 2019
Five years in a row, Missouri LAGERS scores 4/4 on Annual Security Assessment
LAGERS participates in an annual security assessment of its core systems in an effort to keep members' and employers' information safe. For the fifth year in a row, LAGERS scored a 4 out of 4 rating, meeting and exceeding industry best practices for information security during its annual information security assessment held in June, 2019.
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