Missouri Local Government Employees Retirement System (LAGERS)

Missouri LAGERS (Local Government Employees Retirement System) is a defined benefit pension system dedicated to providing retirement, disability, and survivor benefits to employees of local government entities throughout Missouri. Serving over 800 participating employers and tens of thousands of members, the system’s mission is to offer a secure retirement for all public servants, including police, firefighters, and municipal staff.

With a long-term, risk-aware investment strategy, Missouri LAGERS manages a diversified portfolio that spans equities, fixed income, real assets, and strategic alternatives. Its investment approach aims to deliver consistent returns to support its promised benefits, achieving an assumed annual return of 7.25% net of fees. The fund is governed by a board of trustees and administered by a professional management team dedicated to fiscal responsibility and long-term stability.

Missouri LAGERS also emphasizes member education, transparent governance, and technology tools like the myLAGERS portal to help members track benefits and plan their retirement journey. By reinvesting benefits back into the Missouri economy and maintaining excellent funded status, LAGERS is a cornerstone of financial security for the state’s public workforce.