For the past 8 years the cops have been putting their share that they’re supposed to (deducted from their paycheck) into the 401k. The City that is supposed to match it, obviously, has not.
Cops got a raise last year, I believe. The last time they got a raise before that was something like 5 years ago. Why? They were convinced during negotiation in lieu of raise, to have X number of dollars go towards their pension. Yes. The very pension that has a deficit. Clearly did not happen, which means, in effect, they got no raise. I think it comes out to 1 raise in 7 years.
I don’t know all the details, but all the details are not nearly divulged by the media of how the cops are getting screwed. Fire are doing better.
patiently, where did you hear about this “huge” proportion of public safety employees retiring on disability? I know of cops who have gotten injured. They don’t retire. They get a boring desk job.
