In California, police officers can retire at age 50
"In California, police officers can retire at age 50. The average cop retires with 22 years of service and collects a pension of almost 70% of final pay with annual cost-of-living adjustments. Because of a flood of retirements, cities are forced to ramp up wages to attract recruits and pay bonuses to steal officers from other agencies (“Cities Dangle Bonuses to Fill Police Ranks,” U.S. News, Oct. 1).
California has more cops retired than working, and pension costs are sinking city budgets. Congress should allow states to modify defined-benefit pension formulas for current public workers, similar to what is allowed in the private sector. Requiring police officers to work five years longer will cut pension costs substantially, retain experienced officers, reduce our backlog of unfinished investigations and reduce lateral-transfer upheaval.
Marcia Fritz
California Fdn. for Fiscal Responsibility
Sacramento, Calif."
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.