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Your profession should only be a part of your life. Make room for the things that will make you happy when you retire.
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H.R. 82 aims to eliminate two Social Security provisions in the U.S., the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO).
Read More →Deputy Chief Michael Pickett will serve as interim chief for the Alabama city. Additionally, Capt. Edmond Hanks was promoted to interim assistant chief.
Read More →Council approved a buyout of deputy chiefs who have 25 years of experience. Those deputy chiefs can retire early and get a $300,000 payout if they choose to.
Read More →“Currently, it is extremely difficult for retired first responders to utilize an existing benefit that helps cover certain health care expenses, which is why I introduced this legislation that would ensure these retirees can make tax-free withdrawals from their pension and direct those amounts to qualifying insurance premiums.”
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With the program moving forward, there’s more concern during a time when the department is already understaffed. In 2021, 140 officers left the department with just 50 hired.
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You may retire before you are eligible for Medicare and your healthcare benefits are subject to change, so you have to make plans for covering your medical expenses.
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The PORAC Retiree Medical Trust is a tax-free funding vehicle that helps law enforcement members pay for medical expenses during retirement.
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Regardless of where you are in your law enforcement career, there's no better time than the present to give at least a little bit of thought to the future—a future following your time in policing.
Read More →In interviews, some former Minnesota chiefs cited fatigue and anti-police sentiment as part of their rationale for leaving.
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