December 14, 2020 Jefferson City, MO – Missouri Local Government Employees Retirement System (LAGERS) received a 2020 Public Pension Standards Award for Funding from the Public Pension Coordinating Council (PPCC) in recognition of the organization attaining standards for public pension funding. LAGERS has received recognition from PPCC consecutively since 1994.
The Public Pension Coordinating Council’s standards serve as a benchmark by which all defined benefit public pension plans should be measured. To receive the Recognition Award for Funding, the retirement system must certify that it meets the requirements for funding adequacy.
“This year was a showcase of LAGERS’ strength, stability, and resiliency, and LAGERS is well positioned for the future. We strive for excellence for the dedicated public employees we serve and this award is affirmation of that,” said LAGERS’ Executive Director Robert Wilson. “We are committed to continue our track record of delivering a premier retirement system for our members.”
The PPCC is a coalition of the National Association of State Retirement Administrators (NASRA), National Conference on Public Employee Retirement Systems (NCPERS) and National Council on Teacher Retirement (NCTR). Together, these associations represent more than 500 of the largest pension plans in the United States serving most of the nation’s approximately 18 million state and local government employees.
For more information on PPCC and the award requirements, visit nasra.org/ppcc.
About Missouri LAGERS
LAGERS is a non-profit, public pension system created to provide retirement, disability, and survivors’ benefits to members and beneficiaries in the most economical and efficient manner possible. LAGERS administers benefits for around 69,000 members and retirees with its 38 staff members in Jefferson City, MO. The $8.3 billion system is 93.7% pre-funded funded through contributions from over 800 employers, members and the investment return of the system’s portfolio. For more information, please visit www.molagers.org or use the contact information below.