I talked to an Ohio detective (ex patrol cop) recently who is 53 years old and can retire now. If he stays in this special retention program for 8 years he can retire with a pension between 400k to half a million dollars. This is just one guy, unbelievable. Another Firefighter I know same scenario with a 40k to 50k pension. I’m getting the picture here, maybe they should start flying pirate flags.
We need someone in OK to get a bunch of pirate flag stickers and covertly place them on the highway patrol cars.
“If he stays in this special retention program for 8 years he can retire with a pension between 400k to half a million dollars. “
That sounds like one of those programs where someone has retired. A department hires them back, and banks their salary for 8 years. At the end of that period, they get a lump sum for that deferred salary for that entire period.
The department gets a very experience cop who isn’t out wrecking cars, getting sued, learning the ropes, but they don’t have to pony up the salary up front like the would for a new hire. The city can invest the amount it takes to pay them 8 years from now.
it’s a very good deal for the city compared to the alternative.