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Greene County staff briefed on Loggers pension health; county pays employee share
Summary
At a Greene County staff meeting, auditor’s office staffer Annalise and employee delegate Paul summarized findings from the Missouri Local Government Employees Retirement System (Loggers), saying the system is largely funded and that Greene County covers employee contributions; staff were given contacts and materials for follow-up.
Annalise, a staffer in the Greene County auditor’s office, and Paul, an employee delegate to the Missouri Local Government Employees Retirement System (commonly called “Loggers”), briefed county staff on Loggers’ funding, benefits and retirement rules.
The presentation emphasized the plan’s investment returns and funded status. Paul told attendees: "For each dollar, Loggers receives during the year, 72¢ come from their investments," and he said Loggers "is about 92% funded," comments he used to reassure staff about long-term solvency.
Why it matters: County-sponsored pensions affect employee retention, retirement security and future budget obligations. Annalise said Greene County currently covers employee contributions for…
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