Back by Popular Demand: When is the Best Day to Retire?

Tagged COLA, Members, retirement age, retirement planning

Recent Tornadoes - A time of reflection

Tagged Members, public safety, first responders

Behind the Scenes, Dickerson Park Zoo

Come with us on a behind the scenes visit to LAGERS employer Dickerson Park Zoo in Springfield. You'll see just how important it is to these LAGERS members that they get to serve their community in such a fun and interesting way. These City of Springfield employees work in many different roles at the zoo, with most of them being Zookeepers and caretakers of the animals. Their commitment to their jobs and their service shows through in each of the videos below.

Tagged Employers, Members, value of local government, Local Government

Feeling the LAGERS Love!

We are definitely in the spirit on this day to remember those you love. We love our members, and are members are showing us the love by letting us know how grateful they are for their LAGERS benefit.

Tagged Members, Payout Options, PLUS, Retirees, Retirement Security

Back By popular Demand - Let’s talk taxes…

This post, originally published in 2016, still has some great information in it about taxes.

As if winter isn’t dreadful enough for those of us warm-weather lovers, at this time of year another certain unsavory topic is likely to preoccupy our thoughts—taxes. You know, that necessary evil that everyone wishes wasn’t so painful? Since it’s on all our minds though, we thought we’d talk about a few of the common tax issues that come up regarding your LAGERS benefits.

Tagged exemption, 1099, disability, Employers, Members, Retirees, taxes

Dedicated LAGERS Members - Thank You!

Tagged Members, Retirees

Back by Popular Demand: How Do I Increase My Retirement Income?

Tagged Members, Retirees

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

You Should Attend This Meeting

Every year, around this time, I’m always amazed by how quickly time has flown. This year, of course, was no different. In fact, it seems like time is going faster each and every year. Now that the kids are back in school, playoff baseball and football are quickly approaching, its that time of year where we begin ramping up for the LAGERS Annual Meeting.

Tagged Employers, LAGERS Board, Members, Annual Meeting

Back By Popular Demand: How are Employer Contribution Rates Determined?

This post was originally published in June 16, 2015. Annual 2019 rates, as well as your annual valuation are now posted on eclipse, and it's a good time to refresh your knowledge on contribution rates and how they work. Download your annual valuation from eclipse to learn more.

Each LAGERS employer has a monthly contribution rate for its employee group that may change annually. This contribution the employer makes ensures proper funding of its pension benefits.  There are many driving factors that play into calculation of LAGERS' employers contribution rates, and we will discuss the top three in this blog. 

Tagged Defined Benefit, Contribution Rates, Employer Cost, Members

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