This newsletter contains information regarding the administration of LAGERS retirement benefits.
Member Annual Statements to be Mailed to Employers Mid-March
myLAGERS users will NOT receive paper copy

Member Annual Statements are set to be mailed to employers in mid-March.  Similar to last year, statements will be organized alphabetically by employee last name and by department.

NEW this year: all employees who have a myLAGERS account, will NOT receive a paper copy of their statement.  This means that the statements you receive from LAGERS will not include statements for any employee enrolled in a myLAGERS account as of January 22, 2016.

Employees with myLAGERS accounts can log on to their account 24/7 to download their most recent statement, run customized benefit estimates, apply for retirement, and more!

You can encourage employees who do not yet have a myLAGERS account to set one up using the following link:

2016 Missouri Legislative Session Underway with Two LAGERS Bills Filed

 The 2016 legislative session is underway with LAGERS pursing two pieces of legislation.

Local Plan Administration Bill

First, LAGERS will be seeking to amend its governing statutes so that participating employers of the system who are currently also administering a frozen pension plan have the option to voluntarily transfer that administration to LAGERS. 

What this bill will do:
  • Provide an alternative solution for the administration of an employer’s frozen pension plan
  • Allow employers to reduce administrative costs by taking advantage of LAGERS’ expertise and economies of scale
  • Enable employers who wish to do so, to get out of the pension administration business
  • Continue to pay accrued benefits to retirees under the frozen plan in accordance with the plan’s original governing documents
What this bill will NOT do:
  • Change the benefits for members and retirees that have been accrued under the frozen plan 
  • Relieve an employer of its financial obligation to fund their frozen plan
  • Mandate that an employer must consolidate frozen plans into LAGERS 
  • Allow for the administration of an open pension plan
  • Have any adverse financial impact to the LAGERS system

Below are links to the respective bills:

Public Safety Definition Bill

LAGERS is also pursuing a change in its statutes so that participating employers of the system have the option to update their definition of “police officer” and/or “fire fighter.” Currently LAGERS-covered police officers and fire fighters may retire with full benefits at age 55.  All other LAGERS members may retire with full benefits at age 60.

Under the proposed legislation, a participating LAGERS employer may elect to cover emergency medical service (EMS) personnel as "fire fighters" and/or elect to cover jailers as "police officers." The cost for adopting this option would be paid solely by an increase in the monthly contributions of the local government entity.

If this legislation were approved, it would simply add an option for LAGERS participating employers to choose a more inclusive definition of public safety for those who contribute to the law enforcement and life saving efforts in Missouri’s communities.

Emergency dispatchers were originally included in the prosposed language of the bill introduced by LAGERS, but were removed during the legislative process.

LAGERS expects this legislation to be filed shortly.

LAGERS is Now on LinkedIn!

LAGERS has recently launched our LinkedIn page and we want to connect with you!  Stay connected to receive system updates, job postings, industry news, and more!

Click here to visit our page and connect with us!

Tip from Your Accounts Analyst
Enjoy the security and convenience of online payment.

Don't forget that if you are currently paying your employer's monthly contributions with a paper check, there is a faster, more secure way to submit your monthly payments!  Online payments are a quick and easy process! Plus your online payments are:

Secure: All ACH transactions use the same security technology as leading online banking and financial institutions.

Convenient: Provides 24/7 access to your contribution payment history and can be made from a single or multiple accounts.

Cost effective: Saves your agency money on postage, envelopes and check printing expenses.

Ready to start paying online?  Contact your LAGERS' account analyst at: 1-800-447-4334