LECOS Account for Retirees
Group 1 LECOS (hired before September 1, 2009)
This retirement information is based on current laws and ERS rules. If you withdraw your ERS retirement account balance, you no longer have those years of service credit in your account. They will not count toward your years of service credit at retirement.
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 | 60 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 Health 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.
**Optional benefits available at retirement and health insurance available at age 65.
Group 2 LECOS (hired September 1, 2009 - August 31, 2013)
This retirement information is based on current laws and ERS rules. If you withdraw your ERS retirement account balance, you no longer have those years of service credit in your account. They will not count toward your years of service credit at retirement.
If you do not retire with 20 year of LECOS service credit, your service multiplier will be 2.3%; otherwise, your service multiplier will be 2.8%.
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% cap) |
Yes | Yes Payment will be reduced 5% for each year you retire before age 55 (25% cap). |
LECOS Supplement Benefit | No | No | Payment will be reduced 5% for each year you retire before age 55 (25% cap). |
Health Insurance* | 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.
Group 3 LECOS (hired September 1, 2013 - August 31, 2022)
This retirement information is based on current laws and ERS rules. If you withdraw your retirement account balance, you no longer have those years of service credit in your account. They will not count toward 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. (no cap) |
Yes | Yes Payment will be reduced 5% for each year you retire before age 57. (no cap) |
LECOS Supplement Benefit | No | No | Yes Payment will be reduced 5% for each year you retire before age 57. (no cap) |
Health Insurance* | 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.