One of the most common questions members ask at Pre-Retirement Seminars is ‘what is the average cost of living adjustment LAGERS retirees receive each year?’
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.
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.
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.
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.