LAGERS Begins Administration of First Legacy Plan

A first big step for LAGERS took place this week as the system officially took over administration of the City of Jefferson’s Fire Pension Plan – the first legacy pension plan as allowed under the Local Plans Legislation which was signed into law last June.

“This has been a culmination of effort by our local government leaders, state legislators, and LAGERS staff, and we are excited to see our first plan transfer administration into our system,” says outgoing director Keith Hughes. “The heart of this legislation was truly to provide an alternative solution to local governments who wanted to get out of the pension administration business.”

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