LECOS Retirement Eligibility - Group 2
Group 4 LECO (hired after Aug. 31, 2022)
LECO-contributing employees in Group 4 have four ways to become eligible for the state’s retirement annuity, but only one allows for a lifetime annuity supplement from the LECO account, in addition to the lifetime annuity from the regular account. If you do not meet the requirements for the LECO annuity supplement when you retire, you will get the balance in your LECO account as a one-time payment. The one-time payment will include interest and any gain sharing in your LECO account, but not the state’s match.
| Eligibility A | Eligibility B | Eligibility C | Eligibility D | |
|---|---|---|---|---|
| Service Credit | 5 years of any service credit | 10 years of LECO service credit | 10 years of any service credit | 20 years of LECO service credit |
| Minimum Age | 65 years | 55 years | 65 years | Any age |
| Lifetime Annuity from ERS Trust Fund | Yes | Yes | Yes | Yes |
| Lifetime Annuity from LECO Supplement Retirement Fund | No | No | No | Yes |
| Health Insurance | No | Yes | Yes | Yes |
| Optional Insurance | No | Yes | Yes | Yes |
*Notice about Insurance
Depending on your insurance eligibility at retirement, your health insurance may not be effective right away.
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.