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LAGERS Missouri Local Government Employees Retirement System Reprinted Fall 2010 A Summary of The LAGERS Retirement System table of contents Individual Member Records . . . . . . . . . . . . . . .

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Related content

Missouri Local Government Employees Retirement...
PO Box 1665. Jefferson City, MO 65102. Phone: (573)-636-9455. Fax: (573)-636-9671. Email:...
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LAGERS' benefit formula multiplies an employer elected percentage by how much you make and how long you work. Your employer chooses a benefit multiplier between 1% and 2.5%. As well, your employer chooses the wages used in your benefit calculation as either the highest consecutive 36 or 60 months.

The Rule of 80 allows eligible members to retire earlier than normal retirement age with no reduction in their monthly payment. If your employer provides the Rule of 80 retirement provision, you may be eligible to retire with unreduced benefits when your years of credited service plus your age total the number 80.

The “Rule of 80” (or “Rule of 90” for MSEP 2011 members) simply allows some members with many years of service to reach normal retirement age sooner than they otherwise would. If your years of service plus your age equal 80 or more (90 or more for MSEP 2011), then you may reach retirement eligibility sooner.

All 25 years of service credit and 55 years of age would give the employee the option to retire with an unreduced benefit at employer “A” for actual years of service at employer “A” (18 Years).

LAGERS is the largest public pension system in Missouri serving local government employees. We believe a dignified retirement is for everyone and strive toward a secure retirement for all every day.

If family court determines your LAGERS benefit is divisible as a marital asset, it is solely your responsibility to forward the portion determined by the family court to your former spouse. The former spouse cannot begin receiving his or her portion until you begin to draw your monthly benefit.

Retirees are eligible to receive reduced Social Security payments at the age of 62. People 65 and over are eligible to receive Medicare benefits if they paid Medicare taxes for at least 10 years. The full retirement age is 67 for everyone born in 1960 or later.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232