LECOS Retirement Eligibility - Group 3

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.