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.
Now that your 1099-R has been mailed, and is also available for download from your myLAGERS account, you may be wondering what all those crazy boxes mean. Here is a simple summary of what’s in your 1099-R!
From the Info Box: "I'm currently retired but considering returning to work. What will happen to my LAGERS benefit if I do that?"
Tagged Retirees, Working after Retirement, Retirement, Retire, separating from employment
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
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
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 Defined Benefit, Economic Impact, pensions, Retirees, Value of pensions, Missouri
It'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