Understanding Your 1099-R

 

 

Now that your 1099-R has been mailed, and is also available for download from your myLAGERS account, you may be wondering what all those crazy boxes mean.  Here is a simple summary of what’s in your 1099-R!

Tagged taxes, 1099, Retirees

LAGERS is Helping You Achieve Financial Security

 

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

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

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 LAGERS lunch break, Pre-Retirement Seminars

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

2018 - LAGERS Director Looks Back

Wow. I cannot believe how fast time truly does pass. We’ve turned the page on 2018, putting yet another year in the books. Seems just like yesterday that the leadership team here at LAGERS was huddled around sharing ideas of goals and objectives and setting our action plan for 2018. And in what seems a blink of an eye, the year has passed and we’ve already begun setting new goals and projects for 2019. We are a task oriented group here at LAGERS driven by pushing ourselves to do more, do it right and serve our members the absolute best we can. So how’d we do, and what did we accomplish? Here is a quick view of 2018:

Tagged Local Plans, soil and water, 2018 Session, LAGERS performance

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

National Law Enforcement Appreciation Day!

As you may know, LAGERS provides financial security to a wide variety of public servants across Missouri. We cover librarians, health care workers, pothole crews, police officers, zoo keepers, fire fighters, paramedics and many more. But, since tomorrow is National Law Enforcement Appreciation Day, I would like to focus on just police officers for today.

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 taxes, COLA, Retirement Process, early retirement

From Our Members: What happens to my benefit if I change jobs?

A member recently emailed the following: I am currently a vested member and am possibly getting ready to change jobs to an employer that does not have Lagers.  I want to keep my Lagers because I am a vested member, how do I do that?  

Tagged vesting, Retirement Benefits, quitting; leaving; terminating; employment

Contact LAGERS

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