Author Archives: Angela Lechtenberg, APR

Pensions 101: Funding A Pension

Tagged Defined Benefit, Funding, pensions, prefunded

In Case You Missed It - Our Latest Facebook Live

In honor of America Saves Week we held another Facebook Live event this past Monday. Jeff Pabst, LAGERS' Education and Outreach Coordinator, discussed the value of LAGERS benefits in our latest installment.

Tagged Retirement Benefits, Retirement Options, Value of pensions, Retirement, Retire

Feeling the LAGERS Love!

We are definitely in the spirit on this day to remember those you love. We love our members, and are members are showing us the love by letting us know how grateful they are for their LAGERS benefit.

Tagged Members, Payout Options, PLUS, Retirees, Retirement Security

Retired but Want to Return to Work? read On for Your Options Under LAGERS

Tagged Retirees, Working after Retirement, Retirement, Retire, separating from employment

Guest Blogger Carrie Mercadante - LAGERS Provides Resources to Learn About Pension Benefits For Everyone

As an HR Specialist at the City of Joplin I'm responsible for Payroll and Benefits. The City of Joplin employees provide local services for a residential population of 50K with a daily commuter population of 250K. When I first started with the City, I did not have much experience with pension plans and struggled with the details of LAGERS. I contacted LAGERS and spoke to Penny who agreed to come to the City and make a presentation. I was amazed how easily she explained every aspect of our pension plan. She provided me with LAGERS literature, directed me to specific educational materials on the web site, and answered my million questions I had. She has since then always been extremely helpful each and every time I have called or emailed with questions (which is often).

Tagged Pre-Retirement Seminars, LAGERS lunch break

Attention Retirees - 2018 1099 Tax Forms available on myLAGERS

Your 2018 1099 is now available through myLAGERS.

Log on and download yours today!

Go To myLAGERS

 

instructions for download:

To access your documents, log on to your myLAGERS account and click the 1099-R Tab on the left hand navigation bar.

If you received a Partial Lump Sum  (PLUS) distribution in 2018, you will have a separate 1099-R for that distribution. 

A hard copy of your 1099-R will be mailed by January 31. Please remember to allow time for normal U.S. Postal Service delivery.

If you have  questions or need assistance logging on to your myLAGERS account, please call our office at 1-800-447-4334.  During periods of high call volume, if your call is not answered immediately, please leave a message and your call will be returned promptly.

**Please note that myLAGERS will be temporarily down for part of the day  on Friday, January 25, for regular monthly maintenance.

You may need Adobe Reader in order to download and view your 1099. Download Adobe Reader here.

Don't forget to visit our website for more information on the taxation of your LAGERS benefits as well as an explanation of what each box on your 1099-R means. Click here to visit our taxes page now!

Changing Your Tax Withholdings:

You may be choosing to have LAGERS withhold taxes from your monthly benefit. However, you have the flexibility to change these withholdings as your tax situation changes throughout retirement.

You can change your tax withholdings through your myLAGERS account or you can complete a new tax withholding form online through the LAGERS website and send it back to the LAGERS office.

Tagged 1099, taxes

Letter from a LAGERS Member

We love to hear from our members. Recently we received a lovely letter from Diane McKiddy, a retiree from Chiliicothe Municipal Utilities, where she worked for over 47 years!

Tagged Retirement Benefits, Retirement Security, Retirement, Retire, Local Government, local government hero award

Top LAGERS Blogs of 2018

Time to look back and see what was popular on the blog with our readers. There's a lot of good information in these posts for you about retirement and your LAGERS benefit - that's why they're so popular! Read on for the top 5 LAGERS blogs of 2018.

Tagged COLA, taxes, early retirement, Retirement Process

Only You Know Which Payout Option is Right for You.

When I'm out doing LAGERS Pre-Retirement Seminars and we get to the payout options section, I will inevitably always get the question "Can you help me figure out which payout option I should choose?" from a member of the audience.

Tagged beneficiary; beneficiaries, Option A, Option B, Partial Lump Sum, Payout Options, PLUS, Retirement Options, Retirement Process, beneficary

Annual Financial Reports Available

Tagged Financial, CAFR, Valuations, PAFR, GRS

Contact LAGERS

1-800-447-4334
M-F: 8:00 a.m. - 5:00 p.m.