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 download, complete, and return the Application for Retirement 30 -90 days prior to when you want to receive your first benefit payment. However, you should be aware you can apply online through your myLAGERS account. You do not have to use a paper form or standard mail.
One of the most common questions that many pre-retirees have for us at LAGERS is, “how much notice do I need to give LAGERS of my retirement?” I have had some attendees at our seminars expect it to be six months or more. While I know the excitement of retirement may make you want to apply for retirement a year in advance, LAGERS will need notification only 30 days before you retire.