Is your organization considering making a change to your LAGERS benefits? Perhaps an upgrade in benefit multiplier or adding the Rule of 80 option? LAGERS Education and Outreach Coordinator Jeff Pabst decodes the supplemental valuation for you.
The supplemental valuation is the document prepared by the actuary that explains the difference in cost between the current benefit elections you have and the plan you are considering to upgrade to. There are a few very important parts for you to pay attention to in order to understand the changes in costs, and this short video maps these out for you.
For more information about changing benefits please visit our website or contact us.