Three Reasons Why You Should Attend LAGERS Legislative Day

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:

Tagged Advocacy, Policy, issues & policy, legislative Day

Attention Retirees - 2019 1099-R Tax Forms available

Your 2019 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

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.

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 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.

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.


Retiree Link Meetings 2020

Make sure to sign up to attend one of our 2020 Retiree Link meetings. Have a light breakfast and get an update on the system; then hear about some interesting topics from our guest speakers!
Access the schedule here.
We'll also send you a postcard about the meeting in your area.

Tagged 1099, taxes

LAGERS Continues to Keep its Promises to a Growing Retiree Population

 

 
There are now over 24,000 people receiving a monthly benefit from LAGERS.

Tagged Retirement Security, Secure, Retirement, Retire

LAGERS Most Popular Blogs of 2019

Wasabi, the 18-month-old Pekingese who won the 2019 American Kennel Club National Championship knows what it takes to be the best. And while LAGERS defines success a bit differently than the AKC, we do have a "Best in Show" of our own.

Planning your next decade toward financial security

As we begin a new decade, it might be a good time to think about your financial goals for the next 10 years or more. When saving for retirement, our approach must be a long term approach so we can properly invest the money and generate additional funds through investment in the market. For some of us, retirement may be coming in the next decade and others retirement may be more than a decade away. Either way saving for retirement is important no matter where you are in your savings journey.

Tagged Retirement, Savings, Financial Independence

2019 Review - Another Successful Year for the LAGERS System

Goodness gracious, we’ve bid farewell to yet another year. I can’t believe I’ve become one of those, but time truly does go by so fast. This summer marked my 25th year serving LAGERS and our members. Wow. Seems like just yesterday I was learning the ropes myself and so eager to start my career. I burned up the roadways traveling the state to meet members, employers and others. Flip a switch and here we are 25 years later – and I think I love what we do more than ever.

Tagged Funding, Investments; Return; LAGERS Portfolio, LAGERS performance, state of the system

10 Year Challenge: LAGERS Edition

 
 

Photo by Jamie Street on Unsplash

 

The 10-year challenge is all the rage on social media right now. People are posting pictures of themselves from 2009 and comparing them to pictures from 2019 as a way to see how 10 years has changed their appearance. It's made us wonder if we could do the same for LAGERS.

What is a LAGERS Pre-Retirement Seminar and Why Should I Attend?

Are you uneasy about how your LAGERS benefit works, how much you will get from LAGERS or whether or not your spouse will receive any income after you pass away? Maybe you don’t know anything about your LAGERS benefit and want to learn as much as you can in a short amount of time. Or, you want to learn more about your options for working after drawing a benefit, the cost of living adjustments, the Value of Your benefit or the taxation of your benefit. Each of these topics and more are discussed in-depth at a LAGERS Pre-Retirement Seminar.

LAGERS Pre-Files Legislation Seeking to Enhance Flexibility of Employee Contribution Options

LAGERS has pre-filed legislation that seeks to further enhance the flexibility of the retirement system. Currently under law, an employer has many options to tailor a retirement benefit that will meet the goals and needs of its unique workforce. The options for employer election range from the benefit multiplier, final average salary, retirement ages, and employee contributions.  

The Economic Impact of your Retirement System

LAGERS' most recent economic impact numbers are in, and it looks to be another successful year of providing stable economic foundations for our members, retirees and the communities in which they live. Here are just a few quick stats:

Tagged Economic Impact

Contact LAGERS

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