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Police offers in many departments can retire after 20 years with a life-time annual pension >100% of their current salary. If you look at how much you'd need t
by onlyrealcuzzo 5y ago
Police offers in many departments can retire after 20 years with a life-time annual pension >100% of their current salary.
If you look at how much you'd need to make to be able to save to have a pension this large - the average police officer in most major departments is getting paid close to an equivalent of $400k per year.
Public pensions are out-of-control generous.
I imagine the majority of police officers would gladly take 2x the pay and no pension and end up working until they're 65 like everyone else. So is it even really benefiting police officers?? It's just a massive drain on the public purse.