From our Members - "Can You Purchase Military Service When You Currently Receive a Pension from the Military?"

This is the first post in our new series, based on members' real questions to us.

I was recently asked, "Can I still purchase military service even though I am receiving a pension from the military?"

The quick answer is yes, you may still purchase military service even though you receive a military pension. However, you must be an active LAGERS member to do so. The following information provides more details about purchasing service at LAGERS.

1st Quarter Events Now Available!

The new year is quickly approaching. Is this the year you are starting to think about retirement? If so, you should attend a pre-retirement seminar. Pre-Retirement seminars are the best source for information about your LAGERS retirement benefits. As well, we bring in guest speakers from Social Security and Missouri CLAIM (Medicare) to help you have a well-rounded understanding of your benefit.

Things to Consider when Timing Your LAGERS Retirement Benefit

Are you thinking about retirement? Are you trying to figure out when would be the best time to take the plunge? This is a common question that is asked of me at pre-retirement seminars. Some people think they should leave on their anniversary date; others may say it has to be the first of the year; and yet others say you need to retire on October 1st. When you should retire is a personal decision only you can make. However, there are some things you may want to consider when timing your retirement in regards to your LAGERS benefit.

Thank You for What You Do

 

Camden County Developmental Disability Resources (CCDDR), aka the Camden County Senate Bill 40 Board and our sister agencies throughout Missouri are political subdivisions authorized under Missouri's enabling legislation, which is commonly referred to as "Senate Bill 40." These agencies provide for the needs of citizens with developmental disabilities in areas of employment, residential, and many other daily living support services. CCDDR and many of our sister agencies, including those is St. Louis City, Greene, Audrain, Boone, Madison, Jasper, Pike, and many other counties, all participate in Missouri LAGERS.

A New Year Retirement? Read This Before Applying for LAGERS Benefits

Tagged Applying for Benefits, Retirement, Retirement Application, apply for retirement

Giving Thanks

It's that time of year again when I get to reflect on all things for which I am thankful.  This is, by far, one of my favorite activities, and I am excited to share some of my reflections with you.

GAO: Congress Should Examine U.S. Retirement System

A recent report published by the U.S. Government Accountability Office (GAO) concludes that retirement security for Americans is on shaky ground and recommends Congress do something about it.

Tagged 401(k), congress, pensions, Retirement Security, Savings

Retirement - Big Plans & Big Dreams

Recently we held our first Facebook giveaway. Did you see it? During National Retirement Security week (which also happened to be the week of our Annual Meeting) we held a T-shirt giveaway. We wanted to hear your retirement plans, and boy, did you have a lot to say! Here are some excerpts from the contest comments on what LAGERS members plan to do in retirement. There are some great ideas in here in case you're still trying to figure out what your retirement dream will be!

Tagged LAGERS, Retirement Security, Retirement plans, Public service

3 Things You Need to Know About Changing Your Retirement Plan to LAGERS.

At times, when employers are considering joining the LAGERS system, they are choosing to switch from their standalone defined contribution plan to a defined benefit plan with LAGERS. These employers are making the choice to give their employees the ability to earn and receive secure monthly income from LAGERS when they retire. As well, they are setting a plan in place designed to recruit and retain quality workers while providing dedicated employees a path to retirement security. When employers are thinking about making the switch, there are few things they need to know.

Tagged Defined Benefit, joining LAGERS, Defined Contribution, Prospective Members, Retirement Security

How to Talk About Your Pension at Deer Camp

The day before the 2016 firearms season at my deer camp in Cole County, MO.

Deer camp is a Missouri tradition that is ages old. I have been hunting and hanging out at deer camps since I was a kid, and if there is one thing I have learned over the years (other than becoming pretty good at frying catfish) is that this that this setting is perfect for lively and opinionated conversation. 

Tagged Defending Pensions, Value of pensions, deer camp

Contact LAGERS

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