Big retirement changes are taking place in 2025.
First, as of January 1, 2025 all State and Local Corrections Officers are now recognized by the Federal Government and IRS as Public Safety Employees. The same designation as Police and Fire. It’s part of the Secure Act 2.0 passed in 2022. This brings big tax benefits for our Correctional members.
Second, the Social Security Fairness Act passed. This means people in the Police and Fire Pension and CO’s who opted out of Social Security in the PERA Correctional Plan can now draw their Social Security for quarters paid in without the WEP penalty.
A nice way to start out 2025.