Your employer has rights under state law to recover losses resulting from fraud or embezzlement by an employee. LAGERS may withhold a member’s retirement benefit if they are convicted of embezzlement or fraud against their employer. The withheld funds are remitted back to the employer.
If your employer is the victim of fraud or embezzlement that results in a conviction in a court of law, please notify LAGERS to ensure a proper withholding is set up on your employer’s behalf.
