Author Archives: Angela Lechtenberg

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

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

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

Only You Know Which Payout Option is Right for You.

When I'm out doing LAGERS Pre-Retirement Seminars and we get to the payout options section, I will inevitably always get the question "Can you help me figure out which payout option I should choose?" from a member of the audience.

Tagged Payout Options, Retirement Process, beneficary, beneficiary; beneficiaries, Retirement Options, Option A, Option B, Partial Lump Sum, PLUS

Annual Financial Reports Available

Tagged Financial, CAFR, PAFR, GRS, Valuations

Are you covered under LAGERS?

People don't always know the answer to the question,"Who can participate in LAGERS?" Since LAGERS is a defined benefit pension plan and not based on an account balance, certain criteria have to be met in order for you to be able to participate in the plan.

Tagged pensions

Back By Popular Demand - The Significance of Your LAGERS COLA Benefit is Larger Than You Think . . .

This post was originally posted in August of 2017, and has been updated to reflect this year's COLA numbers.

 This year LAGERS retirees will receive a COLA (Cost of Living Adjustment) of around 2.87%. This increase will be reflected on October 1st and it means much more than just a slight increase to your monthly benefit. It shows the strength and overall financial security of your LAGERS pension system.

Tagged COLA, Defined Benefit, Funding, Members, Retirees, Retirement, Security

Rule of 80 Gives LAGERS Members Another Early Retirement Option

If your employer has elected the Rule of 80 option for your LAGERS retirement benefit, you have another option for when you can retire and collect your benefit.

Tagged early retirement, rule of 80, pensions, Retirement Benefits, Retirement Options, Retirement, Benefit

LAGERS' Latest Performance Update

Recently I asked Brian Collett, our CIO, to give me an update on our most recent investment numbers. He shared lots of information with me on our most recent numbers, but also talked about our Asset study that we just completed, and how that shapes our investment strategy.

Tagged Sound Funding, Brian Collett, equities, stock market, inflation, Retirement, Retire, Quarterly Update, Pension Health, LAGERS performance, Investments; Return; LAGERS Portfolio, Investments, Investment Return, Contribution Rates, Asset Study

LAGERS Economic Impact - Northwest Missouri

LAGERS retirees contribute to the economies of cities and counties all across our great state. Just take a look at this snapshot of the economic impact created by the retirees of Northwest Missouri. In 2017, over $15 million was paid to our retirees, who then in turn spent money in our communities with their LAGERS benefits.

Tagged Missouri, Value of pensions, Retirees, pensions, Economic Impact, Defined Benefit

Contact LAGERS

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