It's never too early to plan for the day your dream of retiring comes true.
Retiring with an annuity only
Retiring from the State of Texas means that you will receive a check every month for the rest of your life. This is called your "annuity."
You can start receiving an annuity payment in one of two ways:
- You have at least five years of service and are at least age 60; or
- Your age and your service add up to 80, and you have at least five years of service.
Some people call this becoming "vested." To become vested in ERS means to be securely qualified to receive a lifetime retirement annuity.
This is true even if you stop working for the State and retire later, as long as you leave your retirement contributions on account with ERS.
Retiring with an annuity and insurance benefits
Your state health, dental and life insurance can continue in retirement if you have enough age and service credit. The two most common ways to qualify are:
- You have at least 10 years of service and are at least age 65; or
- Your age and your service add up to 80 and you have at least 10 years of service.
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