A member recently emailed the following: "I downloaded the Application for Retirement. I will fill it out and send it in, but is there anything else I need to do at this time?"
Luckily, the process for retirement at LAGERS is simple. The member is right in that the first step is to download, complete, and return the Application for Retirement 30 -90 days prior to when you want to receive your first benefit payment. However, you should be aware you can apply online through your myLAGERS account. You do not have to use a paper form or standard mail.
In addition to applying for your benefit, you'll need to provide us with a copy of your birth certificate (or baptismal certificate, school or college record, military discharge paper, or passport). If you're married, you'll also need to include a copy of your spouse's birth certificate and a copy of your certificate of marriage. These items can be mailed, scanned and sent to us through email (firstname.lastname@example.org) or faxed to us at 573-636-9671.
Once we receive your application, we will verify your wage and employment information with your employer. Then we'll calculate your benefit payable under each Payment Option. Two to three weeks before you receive your first benefit payment, you'll receive a customized Retirement Options Packet. From this packet, you need to submit to us:
- Election of Allowance Option Form (LRS-9)
- Missouri and Federal Tax Withholding Form (MO-W-4P and W-4P)
- Direct Deposit Form (LRS-6)
These documents can be mailed to P.O. Box 1665, 701 W. Main, Jefferson City, MO 65102 or faxed to 573-636-9671 or emailed to email@example.com .
It's as easy as that!
You will receive your first LAGERS benefit payment on or about the first day of the month of your retirement effective date.
If you ever have any questions about the retirement process, we are happy to help you, just give a call at 800-447-4334.