LAGERS has almost 200 different combinations of benefits. Most of the benefit options may be changed once every two years through an election by the subdivision's governing body. Changes in LAGERS options apply to current and future employees only.

The options that may be changed every two years are:

1. The Benefit Program (Multiplier)

2. Employee Contributions (Contributory or Non-Contributory)

3. Final Average Salary (5 Year or 3 Year)

4. Retirement Eligibility (Regular or Rule of 80)

The Process required to Change LAGERS Benefits:

1. Request a Supplemental Actuarial Valuation (Cost Study)
Determines a new employer contribution rate should the subdivision's governing body elect a change. LAGERS will pay for one valuation per year (July 1 - June 30) for each subdivision. LAGERS actuary will bill the subdivision for additional requests made within the same year, see a Fee Schedule. Does not obligate the subdivision to make any change.

2. Cost Study Must be made Public Information for 45 Calendar Days

3. Subdivision's Governing Body may then pass an official Ordinance/Resolution

4. Send ordinance/resolution to LAGERS

There are 3 elections that may never be changed after joining LAGERS:

1. Amount of hours per year that is considered to be full time (1500, 1250, 1000).
2. Amount of prior years of service covered (100%, 75%, 50%, 25%).
3. Election to become a LAGERS member.

Want to know the current benefit elections of LAGERS members? View our sortable Employer Listing, updated monthly.

If you have any questions about benefit changes, please contact LAGERS.