LECOS Account for Active Employees
LECOS hired before September 1, 2009
This retirement information is based on current ERS laws and rules. If you have taken a withdrawal of your retirement account balance, you no longer have those years of service credit in your account.
| |
Type 1 |
Type 2 |
Type 3 |
Type 4 |
| Service Credit |
5 years of any service credit |
10 years of LECOS service credit |
10 years of any service credit |
20 years of LECOS service credit |
| Age |
60 or above |
55 or above |
65 or above |
any age |
| Lifetime Payment |
Yes |
Yes |
Yes |
Yes
Payment will be reduced if you retire before age 50. Reduction is based on your age at retirement. |
| LECOS Supplement Benefit |
No |
No |
No |
Yes
Payment will be reduced If you retire before age 50. Reduction is based on your age at retirement. |
| Health Insurance* |
No |
Yes |
Yes |
Yes |
*Notice about Insurance
Health and other insurance benefits for employees and retirees are subject to change based on available State funding. The Texas Legislature determines the level of funding for such benefits and has no continuing obligation to provide those benefits beyond each fiscal year.
Resources
LECOS hired between September 1, 2009 - August 31, 2013
This retirement information is based on current ERS laws and rules. If you have taken a withdrawal of your retirement account balance, you no longer have those years of service credit in your account. They will not count towards your years of service credit at retirement.
| |
Type 1 |
Type 2 |
Type 3 |
| Service Credit |
10 years of LECOS service credit |
10 years of any service credit |
20 years of LECOS service credit |
| Age |
55 or above |
65 or above |
any age
|
| Lifetime Payment |
Yes
Payment will be reduced 5% for each year you retire before age 60& (25% maximum) |
Yes |
Yes
Payment will be reduced 5% for each year you retire before age 55 (25% maximum). |
| LECOS Supplement Benefit |
No |
No |
Yes
Payment will be reduced 5% for each year you retire before age 55 (25% maximum). |
| Health Insurance* |
Yes |
Yes |
Yes |
*Notice about Insurance
Health and other insurance benefits for employees and retirees are subject to change based on available State funding. The Texas Legislature determines the level of funding for such benefits and has no continuing obligation to provide those benefits beyond each fiscal year.
LECOS hired September 1, 2013 to present
This retirement information is based on current ERS laws and rules. If you have taken a withdrawal of your retirement account balance, you no longer have those years of service credit in your account. They will not count towards your years of service credit at retirement.
| |
Type 1 |
Type 2 |
Type 3 |
| Service Credit |
10 years of LECOS service credit |
10 years of any service credit |
20 years of LECOS service credit |
| Age |
55 or above |
65 or above |
any age |
| Lifetime Payment |
Yes
Payment will be reduced 5% for each year you retire before age 62 |
Yes |
Yes
Payment will be reduced 5% for each year you retire before age 57. If you retire before age 50, an additional reduction will apply. |
| LECOS Supplement Benefit |
No |
No |
Yes
Payment will be reduced if you retire before age 50. Reduction is based on your age at retirement. |
| Health Insurance* |
Yes |
Yes |
Yes |
*Notice about Insurance
Health and other insurance benefits for employees and retirees are subject to change based on available State funding. The Texas Legislature determines the level of funding for such benefits and has no continuing obligation to provide those benefits beyond each fiscal year.