This screen displays the remittance details and allows you to initiate an ACH payment to LAGERS from your selected bank account. This screen is split into three areas: Bank Information, Statement Payment, and Unfunded Liability.
Bank Account: This is the bank account and the account number from which to remit payment.
Payment Date: This is the date you wish to make the payment.
Total Payment: This is the total amount of the payment including the Statement Payment and the Unfunded Liability.
Payment Status: This is the status of the payment record.
Authorization Checkbox: Checking this checkbox indicates you have given LAGERS permission to withdraw the amount entered from the bank account selected.
Pay Current Statement Balance: When checked, the statement short will be the statement payment amount. This is the amount of the statement due. This amount is reflected to the right of this radio button.
Pay Remittance Amount from Statement of Account: When checked, the remittance amount from the statement of account will be the statement payment amount. This is the amount of remittance due. This amount is reflected to the right of this radio button.
Pay Different Amount: When checked, you can enter a different payment amount in the text box provided. For example, if you wish to pay the current statement balance plus some adjustment amounts, you may enter the desired sum into the text box provided.
Actuarial Department: This is the actuarial department for which to pay an unfunded liability amount.
Amount: This is the amount of unfunded liability you wish to remit for the department.