Oct. 23, 2024
National Retirement Security Week provides an excellent opportunity to assess how well your organization’s retirement benefits are serving both your employees and your organization’s workforce goals. Here are four steps employers can take to maximize their LAGERS membership.
- Assess benefit levels
End of year is a great time to evaluate your organization’s retirement benefits. Employers can adjust certain benefit elections every two years to suit both budgetary needs and workforce goals. Are your current offerings competitive and in line with what your employees need for a secure retirement? If adjustments are necessary, employers can review the process for changing benefit elections on the LAGERS website. - Review the monthly reporting process
The monthly reporting process can seem overwhelming at first. LAGERS has compiled a list of resources to help answer the most frequently asked questions. For additional questions, please call your LAGERS employer services specialist. - Receive more training
Continuing to receive training on your LAGERS benefits will not only make regular requirements like the monthly reporting process smoother, it also helps you effectively communicate your employer benefits to help attract and retain top-notch employees. Consider becoming a Certified LAGERS Administrator (CLA) to become an expert on LAGERS benefits and gain access to community of LAGERS professionals at no additional cost. Employers can also attend the annual LEARN Conference (the LEARN Conference counts towards the CLA certification); request an Administrative Manual; attend a live, online webinar course; watch self-paced online training videos; and easily access forms online. - Promote member financial literacy
Encouraging your employees to take advantage of LAGERS’ educational resources can make a big difference in their retirement planning. Whether through online webinars or self-study tools, reminding employees of these resources can empower members to take control of their financial futures and feel more confident in their retirement planning decisions.
