Press Releases

System Portfolio Earns 7.1% for the Year

 

September 23, 2019 - 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.

 

“For the year LAGERS’ portfolio performed well and within expectations. The Alpha and Equity allocations were hurt by the narrow breadth of outperformance in the equity market, specifically in US/Large Cap/Growth markets; while the Fixed Income and Real Assets allocations were helped by the shift down in interest rates and a renewed focus on cash-flowing asset based investments,” said Brian Collett, the Chief Investment Officer of the $8.1 billion LAGERS fund.

 

Additionally, as of June 30, LAGERS’ three, ten, and twenty year returns were 10.9%, 10.8% and 7.1%, respectively.

 

LAGERS’ is 94.9% funded on an actuarial value of assets and 95.5% funded using a market value of assets.

 

 

Gov. Parson Signs LAGERS’ Public Safety Personnel Bill

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.

 

The assessment was performed by project engineers at nGuard, an outside firm hired by LAGERS to identify vulnerabilities associated with LAGERS' key systems, networks and processes.

 

LAGERS continues to follow its Board of Trustees directive to make the security of all members' information a primary focus and priority, and LAGERS staff is committed to this initiative to maintain a high level of security for our members and employers.

 

New Report Shows LAGERS is a Good Investment for Local Governments in Missouri

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’ Chief Investment Officer Announced as a Finalist for Innovation Award

LAGERS' CIO Named Among Top 30 Chief Investment Officers

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.

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

LAGERS Begins Administering First Legacy Plan

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