I was looking for something else and came across this open letter from 14+ years ago that I wrote to an idiot Police Chief whose position was you don't need guns and in case of home invasion, just turn on the lights. [More]
How many of you can afford to retire at 55? That should be illuminating all by its own self.
Thursday, December 08, 2016
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4 comments:
Oh David, you are so 70's.
In California, a CHP officer (starting salary of around $100K) can retire at 50. Most officers approaching retirement earn around $120K. If retiring at that age with 30 years of service, your pension would be 90% of your base pay at the time of your retirement, or over $100,000 a year, plus medical benefits. This policy was instituted by Gray (Pay to Play) Davis, just before he was recalled.
Don't get me wrong. I admire what they do. I even wave at them when I see them on the road. But apparently 'Let's be reasonable' isn't part of their union's lexicon.
32 years would qualify a lot of people for adequate retirement. What's your point? You want a bad chief to stay on the job?
My point is government takes care of its own trough-- there are many in the private sector who are never eligible for such deals. And they keep such parasites as this public safety hazard in a position to undermine citizen rights for 32 years... "a bad chief [DID] stay on the job." The system encourages and ensures that.
It's when they retire at 40-45 years age on their 20th anniversary for 2/3 or 3/4 of the last 3 years' average base wage plus overtime that the system starts resembling Greece.
But this deal in Dallas where they retire early without actually retiring so that they can get wage plus pension, that sort of silliness makes Greece and even Chitcago look fiscally responsible.
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