I wish the pension was 60-70K. but it is not. Pension is 50% after twenty years, and 2.5% for every year after that. Police contribute 9.5 percent of their pay towards the pension fund and the city matches it 2 to 1 ratio. People fall for the nonsense that police get fat pensions. Wake up, we aren't the enemy.
What police? Where? You wrote that as if it's the pension structure for every police force in the US.
Some are stingier, but many are much more generous.
It's called a 401K. Look into it. I have one that my employer doesn't match at all. My wife has one that her employer matches up to 8%. That's damned good in the private sector. You have a 2-1 match with a guaranteed (defined benefit) payout.
The private sector has no such thing. So even though you think it ain't that great, it's a damned sight better than what us working proles, who are paying your salary AND those matches, get.
As far as not being the 'enemy' goes you might try telling your peers that. Because out here what with all the stories of cops shooting family pets, tossing flash bang grenades into old ladies homes because of bad tips from "CI's", covering up botched drug raids, ad infinitum, some of you are taking on the distinct appearance of enemies.
L
50% of what? 50% of the 20-year average? 50% of the last year's salary?