Re-Written Social Security Rules For Public Safety Retirees Are Part Of Newly-Updated Retirement Guide
SPRINGFIELD - Social Security rules for public safety retirees such as police officers and firefighters have been totally re-written as a result of federal legislation passed and signed on January 5, and a newly-updated guide offers the best way to navigate those changes. The Third Edition of the IPPFA Retirement Guide adds a new section regarding the 2025 Social Security Fairness Act, the latest updates on Illinois fire and police pensions, new savings limits in Section 457 deferred compensation plans, and retirement healthcare funding. “The Social Security Fairness Act increases benefits for fire and police personnel who have pensions from work that is not covered by Social Security, and this affects the majority of downstate Illinois fire and police personnel,” said James McNamee, president of the Illinois Public Pension Fund Association (IPPFA), the guide’s publisher. “The law also repealed the Government Pension Offset that reduced or eliminated
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