A member recently emailed the following: "I downloaded the Application for Retirement. I will fill it out and send it in, but is there anything else I need to do at this time?"
Luckily, the process for retirement at LAGERS is simple. The member is right in that the first step is to submit the Application for Retirement 30 -90 days prior to when you want to receive your first benefit payment. You can apply online through your myLAGERS account or submit a paper application via mail, email or fax.
In addition to the retirement application, you will also need to provide us with a copy of your birth certificate (or baptismal certificate, school or college record, military discharge paper, or passport) in order to verify your date of birth. The document can be mailed to PO Box 1665, Jefferson City, MO 65102 or emailed to firstname.lastname@example.org or faxed to us at 573-636-9671.
Once we receive your application, we will verify your wage and employment information with your employer. Then we'll calculate your benefit payable under each Payment Option. Your customized Retirement Packet will be mailed to you three to four weeks prior to your retirement date. From this packet, you need to complete and return:
- Election of Allowance Option Form (LRS-9)
- Missouri and Federal Tax Withholding Form (MO-W-4P and W-4P)
- Direct Deposit Form (LRS-6)
- Spouse birth certificate and marriage certificate (if option A/B/A-Plus/B-Plus is chosen)
These documents can be mailed to P.O. Box 1665, Jefferson City, MO 65102 or faxed to 573-636-9671 or emailed to email@example.com .
It's as easy as that!
You will receive your first LAGERS benefit payment on or about the first day of the month of your retirement effective date.
Direct deposit is not mandatory, however is highly recommended. It is the best way to guarantee timely delivery of your benefit. Direct deposits are always made on the 1st banking day of each month. If you choose to receive a paper check, it will be mailed on the last mailing day of the month prior. Unfortunately, once it goes into the mail, when you will receive that check depends on the postal service. We will allow 10 days for delivery before we will stop payment on a check and reissue.
If you ever have any questions about the retirement process, we are happy to help you, just give a call at 800-447-4334.