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Old 03-16-2018, 02:07 PM
 
1,023 posts, read 555,878 times
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Quote:
Originally Posted by Troyfan View Post
I know. They had one cop go out on disability that they spotted in the NY marathon.

Cop and firman pensions are based on the final 3 years of salary. Total salary, including OT. OT is handed out by seniority. So cops in their last 3 years work 80 weeks to boost their pensions which can be much more than their salary. 6 figure pensions are not unusual.

I respect the work cops and firemen do. I wish they just wouldn't charge an arm and leg for doing it.
Unless you know of or are talking about a specific place/employer (and you may be right about NYC, I'm not sure) you are totally incorrect. Some may OT included in the final pension calculations but many (the majority I believe) do not.
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Old 03-17-2018, 06:37 AM
 
3,724 posts, read 1,670,856 times
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Quote:
Originally Posted by luckyram View Post
Unless you know of or are talking about a specific place/employer (and you may be right about NYC, I'm not sure) you are totally incorrect. Some may OT included in the final pension calculations but many (the majority I believe) do not.
In New York State they do. They also carry accrued personal leave, sick leave, bereavement leave, and child care leave.
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Old 03-19-2018, 11:16 AM
 
Location: New Yawk
8,652 posts, read 4,790,877 times
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Quote:
Originally Posted by Troyfan View Post
I know. They had one cop go out on disability that they spotted in the NY marathon.

Cop and firman pensions are based on the final 3 years of salary. Total salary, including OT. OT is handed out by seniority. So cops in their last 3 years work 80 weeks to boost their pensions which can be much more than their salary. 6 figure pensions are not unusual.

I respect the work cops and firemen do. I wish they just wouldn't charge an arm and leg for doing it.
That is true for Tiers 1 through 3. For Tiers 5 and 6 though, it's the last 5 years' salary, and the OT used to calculate is capped to where it cannot exceed 15% of their salary. Really, Tier 3 is the last of the "golden age" of pensions.
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Old 03-20-2018, 05:12 PM
 
Location: Paranoid State
12,685 posts, read 9,443,087 times
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Quote:
Originally Posted by redguard57 View Post
...So the public IS represented at the negotiating table - by their representatives who they elect who are in ultimate control of the money.
Yeah. Right.

"Give us big increases in our paychecks & to our pensions," say the Public Sector Union Bosses to the elected politicians, "and we will support your re-election. Fail to give us big pension increases and we will contribute massively to the election campaign of your opponent, and launch a huge get-out-the-vote effort to bury you. The choice is yours: give us what we want and you'll have a long career; fail to give us what we want and you will never hold another elected office."

"Moreover," the public sector union bosses," what do you care? By the time the bill for those pensions comes due in far-off 2018, you yourself will be retired living the good life."
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