Understanding Eligibility & Vesting

Whether you're planning a Grand Canyon trek or looking forward to tending your backyard garden, retirement is when all of your saving and planning start to pay off.

Two factors determine your retirement eligibility:

  • Your age
  • Number of years and months of service time you have earned

Your employer chooses the retirement eligibility requirements for your plan. TCDRS members can sign in online to see their employers’ requirements.

On The Road To Retirement: Vesting

As a TCDRS member, you'll reach important milestones on the road to retirement. One of these milestones is called vesting, and it’s an important step on the way to retirement eligibility.

Vesting with TCDRS means you have enough service time to receive a lifetime monthly benefit when you become eligible and choose to retire.

The amount needed for vesting is determined by your employer and could be either 5, 8 or 10 years.

TCDRS will contact you when you reach this important milestone or you can sign in and see for yourself where you are on the road to retirement.

Want to know more about vesting and how it works? Watch this short video to find out.


WATCH: On the Road to
Retirement: Vesting

Becoming Eligible to Retire

When you become vested, you are eligible to retire at age 60. Your employer's plan, however, may have eligibility requirements that allow you to retire earlier. You are eligible to retire when you are vested and meet one of the following requirements:

  • At age 60
  • Service time plus age equals 75 or 80 (set by your employer)
  • At any age with 20 or 30 years of service time (set by
    your employer)

Sign in to your online account to review your vesting requirements.

WATCH: On the Road to Retirement: Retirement Eligibility


Applying for Retirement

If you're ready to start your retirement journey, our retirement roadmap and checklist will help you assess your readiness and begin the planning process.

We recommend that you review these guides at least a few months before you plan to retire. There's no such thing as being too prepared when it comes to retirement planning. 

Take a look at this short video for an overview of all the factors that come together when you are ready to retire.


WATCH: Am I Ready to Retire


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