- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: BRPD has a great retirement benefit.
Posted on 11/22/14 at 8:19 pm to johnnyrocket
Posted on 11/22/14 at 8:19 pm to johnnyrocket
quote:
Some depts put rules in place to stop officers from doing this by limiting over time.
yup...my department has something that is used to prevent the issue.
This brings back up the Lt. Colonel of the LA State Police that (recently) tried to get some legislation passed to get his money for retirement
Because he entered the drop program too early and then got a substantial pay boost afterwards, but could not claim it
0
Posted on 11/22/14 at 8:21 pm to jbgleason
After the abuses they cut over over time down to nothing.
Extra duty was also hard to come by after the abuses came to the media's attention.
Extra duty was also hard to come by after the abuses came to the media's attention.
Posted on 11/22/14 at 8:23 pm to iAmBatman
wow, and people bitch about private sector unions, take any yokel tPOS off the street and make a cop in 13 weeks
Posted on 11/22/14 at 8:25 pm to johnnyrocket
Looking forward to meeting you.
Posted on 11/22/14 at 8:26 pm to LSURussian
I will enjoy it also and you can talk all the trash you want.
Posted on 11/22/14 at 8:27 pm to Saints72
See kids, it pays to ruin lives.
Posted on 11/22/14 at 8:27 pm to Saints72
Pretty sure he's a member of the DWI task force. There's 3 other members who make over $100k. Can you say RACKET?
This post was edited on 11/22/14 at 8:36 pm
Posted on 11/22/14 at 8:27 pm to LSURussian
I just learned in NYC they work crazy O/T for the last three years for their pensions and make crazy money.
Posted on 11/22/14 at 8:28 pm to johnnyrocket
Plan on it..
Posted on 11/22/14 at 8:31 pm to Saints72
well good for him...he learned the rules of the game and then won by working his arse off...nothing wrong with that in my book... 
Posted on 11/22/14 at 8:34 pm to liz18lsu
quote:
I just learned in NYC they work crazy O/T for the last three years for their pensions and make crazy money.
a lot of pension plan multipliers are for the best earnings in the last X of X years, that part isn't uncommon, but a cop getting a hundred grand a year lifetime pension kind of reeks
Posted on 11/22/14 at 8:35 pm to Saints72
When they cut government employees pensions and water down their benefits they always exempt law enforcement. So, basically they can start at 22 and retire at 47 with $70k+ a year and then work a 2nd job if they want to make more money on top of that.
That's way better retirements than most engineers, software programmers, and lawyers get who work for state and local governments.
Not that i really have a problem with paying them well. The real problem is why don't they hire better people.
That's way better retirements than most engineers, software programmers, and lawyers get who work for state and local governments.
Not that i really have a problem with paying them well. The real problem is why don't they hire better people.
Posted on 11/22/14 at 8:37 pm to 777Tiger
quote:
a lot of pension plan multipliers are for the best earnings in the last X of X years, that part isn't uncommon, but a cop getting a hundred grand a year lifetime pension kind of reeks
It's crazy that OT is part of that computation because you kind of pick up the benefit of that on the front end with that whole time and a half thing.
quote:
Not that i really have a problem with paying them well. The real problem is why don't they hire better people.
Agreed. If one is going to pay (potentially) actual millions to a single retired police officer, I better be getting someone top notch while he's still on the job.
This post was edited on 11/22/14 at 8:40 pm
Posted on 11/22/14 at 8:46 pm to Walking the Earth
quote:unfortunately cops seem to be more of a liability to the government than an asset, they are a walking lawsuit, and IMO the quals for becoming a cop are so minimal that the comp and pension is ridiculous(acknowledging that some upper echelon cops brought in as upper mgmt. have a little more on their resumes)
Agreed. If one is going to pay (potentially) actual millions to a single retired police officer, I better be getting someone top notch while he's still on the job.
Posted on 11/22/14 at 8:47 pm to McVick
DROP has nothing to do with this situation. DROP has nothing to do with the amount of retirement you get. When you elect into it, you stop earning years. Your retirement is calculated and paid into a DROP account(this is like a savings account). Once you are out of it(you can stay in it for up to 5 years), you receive the money from the account and start receiving your monthly retirement. DROP actually saves money due to number of years not increasing(this keeps your retirement amount from going up, unless maxed), and less money the government has to put into retirement. Also, most of these retirement systems have a penalty for drawing before a certain age. I'm not looking up this one though.
Posted on 11/22/14 at 8:48 pm to iwasthere
quote:
these retirement systems have a penalty for drawing before a certain age.
see IRA, 401K, etc.
Posted on 11/22/14 at 8:57 pm to Asgard Device
quote:
So, basically they can start at 22 and retire at 47 with $70k+ a year and then work a 2nd job if they want to make more money on top of that.
This. I am considering SULC and a second career as a prosecutor when I leave.
Posted on 11/22/14 at 9:13 pm to iwasthere
Except that when person who has elected to take DROP comes back to work they block someone else from working in the system. I am not a fan of DROP for that reason. Sure, it is only for up to five years, but that is five years where investment in the employee does not happen. The people taking DROP are lame ducks in the government workforce.
I only envision the extremes where either too many people will take DROP over an extended period of time and not save the money it is intended to save, or too many people will take it too early in their careers and be screwed 30 years down the road due to piss poor money management. Too many people in the second scenario will lead to a change in how the program operates and screw over the future generations.
Plus, in many cases earned but unused sick time can be used in the calculations towards DROP.
Disclosure- I am young and am not counting on Social Security to exist when I reach retirement age. Yes, I realize that SS and government pensions are not the same but I believe that the younger generations will get screwed over one way or another.
I only envision the extremes where either too many people will take DROP over an extended period of time and not save the money it is intended to save, or too many people will take it too early in their careers and be screwed 30 years down the road due to piss poor money management. Too many people in the second scenario will lead to a change in how the program operates and screw over the future generations.
Plus, in many cases earned but unused sick time can be used in the calculations towards DROP.
Disclosure- I am young and am not counting on Social Security to exist when I reach retirement age. Yes, I realize that SS and government pensions are not the same but I believe that the younger generations will get screwed over one way or another.
This post was edited on 11/22/14 at 9:21 pm
Posted on 11/22/14 at 9:21 pm to Fat and Happy
quote:
After taxes and insurance, that officer would only get like $4,000 a month to have to make it on.
4K a month isn't terrible.
Posted on 11/22/14 at 9:25 pm to FightinTigersDammit
quote:
er taxes and insurance, that officer would only get like $4,000 a month to have to make it on.
whoever came up with that figure must have the worst CPA in the world
Page 2 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News