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Old 03-28-2016, 10:49 AM
 
26,591 posts, read 52,303,280 times
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As administrator her contract provided for 10% above similar positions and things like her car allowance was paid to her so it counts towards her gross pay calculations.

She also has 9 months of vacation that is to be paid out plus a longevity bonus and each time the rand and file get a adjustment... she gets the same.

Here I thought my Law Enforcement friends with 8 to 15k monthly retirement in their 50's were doing well.
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Old 03-28-2016, 11:07 AM
 
2,443 posts, read 2,072,308 times
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Quote:
Originally Posted by Ultrarunner View Post
As administrator her contract provided for 10% above similar positions and things like her car allowance was paid to her so it counts towards her gross pay calculations.

She also has 9 months of vacation that is to be paid out plus a longevity bonus and each time the rand and file get a adjustment... she gets the same.

Here I thought my Law Enforcement friends with 8 to 15k monthly retirement in their 50's were doing well.
15K a month in retirement, how much did they make when working?
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Old 03-28-2016, 11:22 AM
 
26,591 posts, read 52,303,280 times
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Originally Posted by jasperhobbs View Post
15K a month in retirement, how much did they make when working?
"I had a good career at the Oakland Police Department," Kozicki said. "I think I've accomplished a lot here. I've appreciated the experiences of working with some great men and women. "... I've had some experiences where I've stumbled and learned from those experiences. I've also had experiences where I've excelled, and I take a lot of pride in those."

Kozicki's pension will be close to his budgeted salary of $187,351 because he will receive premiums for having a bachelor's degree and a Commission on Peace Officer Standards and Training certificate.

Commanding officer at scene of two Oakland police deaths to retire - Inside Bay Area
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Old 03-28-2016, 12:28 PM
 
Location: Albuquerque NM
1,660 posts, read 1,525,919 times
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Originally Posted by jasperhobbs View Post
15K a month in retirement, how much did they make when working?
There are ways to artificially increase your last year's salary, thereby, increasing your retirement. Work lots of overtime the last year or cash out unused vacation days in the last year of the contract.
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Old 03-28-2016, 12:44 PM
 
26,591 posts, read 52,303,280 times
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Pension Spiking has worked for many... so well that with proper planning a Public Safety retirement can be at or near highest pay...

In my city the old Police Pensions was pegged to what the current position pays... there are actually retired officers that get 250% of there highest pay ever on the job.

The juxtaposition is many outside civil service have no retirement/pension and some did all the right things along the way only to find the plans were eliminated after hire.
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Old 03-28-2016, 06:10 PM
 
Location: Paranoid State
13,047 posts, read 10,442,710 times
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Originally Posted by ABQ2015 View Post
There are ways to artificially increase your last year's salary, thereby, increasing your retirement. Work lots of overtime the last year or cash out unused vacation days in the last year of the contract.
Again, I'm in favor of the Death Penalty for anyone who artificially increases pensions.
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