Employees are eligible to retire after:
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At age 60 with 8 years of service; or
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At any age with 20 years of service; or
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When Age + Your Years of Service = 75
Anderson County participates in the Texas County and District Retirement System (TCDRS) and has belonged since January 1968. This System was established by legislative act in 1967 under the State’s Constitution. Under the system, employees contribute an established percentage of their gross salary and the County funds the amount necessary to meet plan obligations and benefits. Interest is credited annually. For details, read the official TCDRS handbook. Some basic information about plan participation is:
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All regular full-time and part-time employees of the County SHALL become a member of the Retirement System upon their effective date of employment.
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Participants are vested after eight (8) years in the system.
Procedure
When a member is eligible for retirement, selection of any one of several optional plans for retirement must be made and an application for service retirement completed AT LEAST 45 DAYS BEFORE EFFECTIVE DATE OF RETIREMENT.
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When the application is received, the various options for service retirement will be explained by the Payroll Section of the Auditor’s Office. There are also several disability retirement benefits available to eligible employees.
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Should a participating employee leave the employment of the County prior to qualifying for retirement benefits, that employee shall have the right to apply for refund of their contributions to the system along with interest earned on such contributions. The employee shall not be entitled to the County’s portion contributed to the system on their behalf nor the interest thereon.
A "retiree" is defined as: (1) a person retiring from active county service under the provisions of TCDRS, or (2) a person retiring from active county service who has qualified for retirement under the disability retirement provisions and who is actually receiving retirement benefits from TCDRS.
RETIREE INSURANCE ELIGIBILTY
All employees who were hired prior to January 1, 2012, will have the option of retaining the County’s group health insurance coverage upon their retirement. If they are vested and eligible for retirement with the Texas County and District Retirement Systems (TCDRS) at the time they leave employment, they will be required to make the same employee contribution as is required of active employees with similar dependent elections.
Employees who are vested in the Texas County Retirement System and who are hired after January 1, 2012, will have the option of retaining the County’s group health insurance coverage upon their retirement, provided that the retired employee pays one hundred percent (100%) of the required monthly premium for their coverage election.
Upon the Retired Employee’s attainment of age sixty-five (65) years, all group health insurance coverage shall cease, provided however, that if the Retired employees spouse has not attained the age of sixty five (65) years and/or the Retired Employees children have not attained the age of twenty six (26) years, the spouse and children will be eligible for group health coverage until they reach the age of sixty five (65) and twenty six (26) years respectively. The County, annually, will stipulate the required contribution from the retired employee needed to extend the coverage of their eligible dependents after the retired employee has attained the age of sixty five (65).