We want our retirees to have peace of mind regarding their LAGERS benefit during this time of uncertainty. Here are three important things to remember:
As many of you know, we have had to cancel all of LAGERS in-person events from now until May 8th due to the Coronavirus (COVID-19). It was certainly not an easy decision to cancel these events that you, our members, rely on to learn more about your retirement plan. However, we still want to offer you the educational opportunities you need to further understand your LAGERS benefit. So, here are few of the online learning opportunities available to you.
Did you know that your LAGERS benefit isn’t just retirement benefits? If something were to happen to you while you are working there are also disability and survivor benefits available for active workers. These benefits are already included in the benefits provided by your employer and are automatic.
This year, LAGERS is seeking to expand the options available for employer election to provide more flexibility in the employee contribution election. Currently, an employer can elect to be either contributory or non-contributory. This year’s bills (House Bill 1467 and Senate Bill 768) seek to expand the options to 0, 2, 4, and 6% employee contribution. Over the past two years, LAGERS staff has traveled the state visiting with our members and employers about this proposal. While the feedback has been overwhelming positive, as with any legislative change, there are always questions. Here are a few of the most common questions we’ve received regarding this year’s proposal.
For America Saves Week, we're bringing back the story of the City of Webster Groves and how they found that a defined benefit pension plan was the best option for their employees to securely save for retirement. The City wanted to ensure that their employees had the best opportunity to achieve a secure retirement that could be provided. In turn, the employees benefited from the security of a defined benefit plan, and the City could remain competitive in order to recruit and retain the best crop of public servants for the community. Read Joan's account of how they came to the conclusion that LAGERS provided the best value for the employees of Webster Groves.
Normally, when thinking about a city administrator from Missouri, you don’t rush to the thought of a band rocking it in Isesaki, Japan. But, then again, perhaps Mike MacPherson isn’t your typical city administrator.
On March 18th, LAGERS will be hosting our 3rd Annual Legislative Day. While Legislative Day is a great opportunity for members and retirees to help advocate on behalf of their retirement system, there are many great reason why you don’t want to miss out on this year’s event! Here are just a few:
Your 2019 1099 is now available through myLAGERS.
Log on and download yours today!
Instructions for download:
To access your documents, log on to your myLAGERS account
Firefox web browser preferred. Download is not available with Safari web browser.
Click the 1099-R Tab on the left hand navigation bar.
If you received a Partial Lump Sum (PLUS) distribution in 2019, 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.
You may need Adobe Reader in order to download and view your 1099-R. Download Adobe Reader here.
Changing Your Tax Withholding
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.
Retiree Link Meetings 2020