As in previous years, LAGERS staff will work diligently to send your tax document (1099-R) to you in the most efficient manner possible. Read more
Even though you may have changed your address with the post office, you may still need to update it with LAGERS. Before LAGERS sends you this newsletter, we run an invalid address report and will forward your newsletter to the updated postal address. However, for documents such as your 1099-R, we will only send it to the address on file due to the personal nature of the document. You can update your address by sending a signed letter with your updated address or by logging on to myLAGERS.
At the 2018 LAGERS Annual Meeting, we heard updates on LAGERS strong performance, legislative updates, pension finance survey results, the important role of the LAGERS board, the new educational tools available and much more.
Sandy has been a dedicated public servant at the City of Poplar Bluff since 1983. She started her career with Poplar Bluff’s Municipal Utilities in the late 1980’s and continues to work in the Electric department today.
Let's Talk 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.
Read this blog at blog.molagers.org.
As some of you may have noticed, you didn’t receive your September deposit until September 4th. This is because deposits are made on the first banking day of the month for the month, and in September, because of Labor Day, the first banking day was September 4th. Payments cannot me be made before the first, because LAGERS is making payments on the first of the month for the month. For example, January’s payments is being made for the month of January.
September and January are typically months where you may see this kind of delay because of Federal Holidays. In 2019, January’s deposit date will be January 2nd with New Years Day falling on a Tuesday. However, there are years where New Years Day will have a delay like this year’s Labor Day. So, to ensure you aren’t caught off guard, be sure to keep an eye out for our periodic direct deposit schedules in your newsletter.