5 Things Every LAGERS Member Should Know About Their LAGERS Benefit

Whether it’s your first day on the job, or you’re a seasoned local government pro, you may feel a little overwhelmed when it comes to understanding your LAGERS benefit.  While there a many facets to how your benefit works, here are five simple themes every LAGERS member should know.

 

1. Your Hard Work Pays Off

LAGERS benefit calculation is pretty simple: work longer, earn more income in retirement.  That’s easy enough, but because you accrue service, and not an account balance, it can sometimes be difficult to visualize the true value of your LAGERS benefit.  LAGERS offers many different tools to help you estimate your future benefit, but know that each month you work, your future financial security grows - and that future monthly income will add up over a lifetime!

Tagged Disability Benefits, Funding, Retirement Security, Working after Retirement, state of the system, separating from employment, prefunded

Back By Popular Demand:  The Extra LAGERS Benefit You May Not Know You Have

When you think about your LAGERS benefit, probably the first words that come to mind are ‘retirement benefit.’ After all, Retirement System is in our name. But don’t forget that there is more to your benefit than the name may suggest; LAGERS also provides our members with disability and survivor’s benefits.

Don’t think your employer elected these benefits? Think again. Every LAGERS member is automatically covered by both disability and survivor’s benefits. Here’s what you need to know about this important benefit:

Tagged disability, Disability Benefits, retirement planning

Back by Popular Demand - 5 Reasons to Love Your LAGERS Benefit

Untitled design-305412-edited.pngIt's almost Valentine's Day, and we thought it would be fitting to re-post one of our favorite blogs from 2015 by Elizabeth Althoff, "5 Reasons to Love Your LAGERS Benefit." There are so many reasons to love a secure retirement, and LAGERS checks all the boxes. So while you're thinking of candy and flowers and heaarts, now that LAGERS is thinking about your financial future.

Tagged COLA, disability, Disability Benefits, Employers, Members, Prospective Members, Retirees, secure retirement, Security, Survivors Benefits, Public service, inflation

The Extra LAGERS Benefits that You May Not Know You Have

When you think about your LAGERS benefit, probably the first words that come to mind are ‘retirement benefit.’ After all, Retirement System is in our name. But don’t forget that there is more to your benefit than the name may suggest; LAGERS also provides our members with disability and survivor’s benefits.

Tagged Disability Benefits, Members, Survivors Benefits

5 Reasons to Love Your LAGERS

It’s an easy thing to do: forget about your LAGERS benefit. With all the hustle and bustle of our busy lives, your LAGERS benefit may be something you don’t think about very often; maybe it’s no more than a glance at your member statement once a year. With all the love in the air this week, I thought we’d talk about some of the reasons why your LAGERS benefit is worth thinking about a little more often. So whether or not you’re cuddled up with your sweetheart this Valentine’s day, don’t forget to give your LAGERS benefit a little love too! Here are my top five reasons on why you should love your LAGERS!

Tagged COLA, Disability Benefits, Employers, Members, Prospective Members, Retirees, Security, Survivors Benefits

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