You are eligible to retire when you meet any one of the following requirements:
- At age 60 (once you are vested)
- Rule of 75 or 80 (your age plus service time equals 75 or 80, depending on your employer’s requirements)
- At any age with 20 or 30 years of service time (the amount of service time is set by your employer)
To find your employer’s requirements, simply sign in or register for online account access.
Just because you can retire at a certain age doesn’t mean you should. Working longer gives your TCDRS savings more time to grow. It also boosts your future Social Security benefit.
It’s also important to consider the timing of your first benefit payment. Your first payment will be issued on the last business day of the month following your effective retirement date. For example, if your retirement date is March 31, your first benefit payment will be issued on April 30.
You can experiment with different dates to find the best fit for your retirement needs. To run benefit estimates, simply sign in or register for online account access, or call Member Services at 800-823-7782.