Purchase of Service
LAGERS members have several different options which allow them to add additional service to their benefit calculation by either purchasing or transferring service.
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Purchase of Service
To be eligible to purchase service in the LAGERS system, you must be an active, vested LAGERS member who either:
Had previous non-federal public employment in the state of Missouri that was not covered by a retirement plan, OR
Had previous non-federal public employment in the state of Missouri and were covered under another public pension system, but did not become vested
A member may not purchase any more service than he or she actually accrued with a previous employer.
Purchase of Military Service
To be eligible to purchase military service in the LAGERS system, you must be an active LAGERS member with previous US military service.
Eligible members may purchase up to four years of military service toward their LAGERS benefit. LAGERS will require a copy of any pertinent military discharge papers (DD 214) to verify honorable discharge and period of service in the US armed forces.
Interested in purchasing service?
If you are eligible to purchase service toward your LAGERS benefit, you can obtain an estimate for purchasing service by completing one of the following forms and submitting to the LAGERS office.
LAGERS will calculate the cost of purchasing service and mail you the calculations.
Once you have received your official cost calculations from LAGERS you have the option to purchase the service in a lump sum, in 12 month installments, in 24 month installments, or not at all. LAGERS will accept direct rollovers from other qualified retirement plans for the purposes of purchasing service credit.
Transfer of Service from Another MO Public Pension System
To be eligible to transfer service to LAGERS, you must be an active, vested LAGERS member.
Service may only be transferred to LAGERS from other Missouri Public Pension Systems.
You must be vested in the other Missouri Public Pension.
LAGERS must have a mutual agreement with the other public pension system in order to transfer service.
Phone: 1-800-447-4334 Local: 573-636-9455 Fax: 573-636-9671 Email: email@example.com
701 West Main St. PO Box 1665 Jefferson City, MO 65102
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