As in the past, LAGERS staff will be diligently working to get your tax documents (1099-R) to you efficiently and on time.
Federal guidelines governing 1099-R distribution requires that LAGERS sends your tax documentation by the last day of January. For the past few years, you've received your 1099-R documentation a few days earlier. But keep in mind our due date is the last day in January. So, you may not receive your 1099-R until early February.
If you haven't received your 1099-R by the second week of February, please contact the LAGERS office.
As we flip our calendars to 2018, we’re all thinking about what lies ahead, New Year’s resolutions, winter weather and more. One thing we may not be thinking about is taxes. We sometimes forget about taxes until April. You may be thinking, “I’m retired. My taxes won’t be a big deal, so I won’t worry about it until April.”
Don’t count on your taxes being lower without some tax planning with a qualified tax professional or CPA. Here are some things you need to know about the taxation of your LAGERS benefit and how it affects your taxable income. Read more about taxes and your benefit. Read more about taxes and your benefit.
Every October, employer and member representatives from many of LAGERS member employers converge to attend LAGERS' Annual Meeting.
This year, at the 50th Annual Meeting, attendees heard updates about their system’s strong financial status, learned more about their system through educational sessions and participated in the election of the system’s Board of Trustees.
How Retirement Benefits for Government Workers Help Everyone
Employee benefits are often thought to be for the betterment of one and only group - the employees. Rather than simply providing a salary, employers use benefits like health insurance, retirement plans, and paid vacation to build morale, keep good workers, and to attract new workers. For these reasons, it makes sense to think that compensation other than salary are good for the employees and only the employees. But there is more to it than that.
Read this blog at blog.molagers.org.