Income Taxes and Your LAGERS Benefit
LAGERS will mail your 2023 IRS Form 1099-R in January. Your 1099-R includes important information, including your gross benefit amount from LAGERS, your taxable benefit amount, and Federal and State Taxes withheld. Be sure to provide this document to your tax professional. New retirees who received a PLUS payment in…...
LAGERS Seeking to Add Retiree Seat to Board of Trustees
We are excited to share that LAGERS has pre-filed legislation for the 2024 session seeking to add a Retiree Trustee to the LAGERS Board. This initiative, which is backed by unanimous approval of the LAGERS Board, aligns with our ongoing commitment to enhance and modernize best practices in system governance.…...
LAGERS Retirees Helping to Keep the American Dream Alive
Retiree Resource: Fall 2023 Each year, LAGERS retirees living in Missouri receive more than $422 million in benefit payments, which were earned by serving their communities throughout their careers in public service. These benefit payments not only mean financial security for LAGERS retirees but also create economic impact within Missouri’s…...
Retirement Housekeeping: Review and Update Your Personal Information
Retiree Resource: Fall 2023 It is important to keep your personal information up to date with LAGERS. Regardless of which Benefit Payout Option you elected at retirement, keeping your information, such as beneficiaries, up to date ensures all future payable benefits are made to whom you intend. You can verify…...
LAGERS Welcomes New Chief Technology Officer
Retiree Resource Article: Fall 2023 As information technology and security continue to evolve at lightning speed, LAGERS is investing in the security of your retirement system. LAGERS is pleased to welcome Ciara Bauer as the system’s first Chief Technology Officer. As part of LAGERS’ leadership team, Ciara will manage the…...
Cost of Living Adjustments
Retiree Resource: Fall 2023 One of the benefits of being a LAGERS retiree is receiving an annual cost-of-living adjustment (COLA). LAGERS COLAs are designed to ensure retirees do not lose purchasing power over the course of their retirement due to inflation. The statutes governing LAGERS provide for how and when…...
