From Our Members: I Sent My Retirement Application, Now What?

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.

Tagged myLAGERS, Payout Options, Retirement Options, retirement planning, Retirement Application, apply for retirement, Retirement, Retire

5 Most Common Questions About Your Benefit - Our First Facebook LIVE

On May 23 LAGERS held our first Facebook LIVE event. Assistant Director Jeff Kempker answered the 5 most common questions we get from members on their LAGERS benefit, then answered your questions live. We had a great discussion about pensions and how they contribute to a secure retirement for many and how LAGERS is leading that effort.

Tagged contributory, eligibility, LAGERS, myLAGERS, purchasing service, Retirement, Retirement Benefits, Retirement Options, Retirement, Retire, rule of 80, Facebook

When Can I Retire?

When will YOU be able to retire? This is often the first question many of our LAGERS members have for us. Determining when the best time to retire may be for you is a big decision. There are different answers for different types of LAGERS members:

Tagged firefighter, police, Retirement, retirement age, Retirement Options, retirement planning, Retirement Security, secure retirement, Financial security, rule of 80, early retirement, public safety

Back By Popular Demand: What's the Best Payment Option?

LAGERS offers several retirement payment options for you at retirement. And, believe it or not, there is not one option that is better than the other. In fact, the payment options themselves are designed to ultimately pay the same total amount to you or your beneficiary once both of you have passed away. That fact does not really help you make the decision as to which payment options you will choose. Because, while there is no better option than the other, there is an option that may better fit your needs in retirement. Here are some things you should be thinking about when determining which payment option you will choose.

Tagged Members, Retirement, Retirement Options, retirement planning, Retirement Security, secure retirement

Single? You Have Options at Retirement!

When presenting at a Pre-Retirement Seminar, many of the attendees ask me questions about what their spouse will receive from LAGERS once they pass away. There are a couple of options that married members may choose at the time of retirement that will pay to their spouse upon their death. Read this blog for more information about spousal options.  On the other hand, I do get some questions from single members wondering if they have any options. Don’t worry; even if you’re single, you have some options with your retirement benefit.

Tagged Employers, Members, Retirement Options, retirement planning, secure retirement, Single

Retirement Planning Doesn’t Have to be Scary! We Can Help.

Tagged benefit estimate, Employers, Member Annual Statements, Members, myLAGERS, Pre-Retirement Seminars, Retirement Benefits, Retirement Options, retirement planning

Three Things You Must Think About before Taking the Partial Lump Sum at Retirement

Tagged Members, Partial Lump Sum, PLUS, Retirees, Retirement Options

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