(5) comments Back to story

Ron Shelby

Were previous findings the same? If not, why not? If so, why wasn't something done 10 years ago during previous councils? This shouldn't be a surprise.

Lisa Lohmann

This has been addressed by the Pension Board and the GMPA for over 20 years, not just the last 17. It's important to point out the Pension Board has reduced benefits multiple times, and increased officers contributions twice but this is seldom reported. GPD officers contribute 12% of thier salary, one of the highest in the state.

Don Schlessinger

We've been reading recently about spiking. What would our unfunded liability look like if that wasn't a problem? It's rare in civilian life to see companies allow employees to bank sick leave and vacation for retirement. The city should be "applying the brakes" on this kind of wasteful spending and think of the citizens paying the bills.

Clinton Stevens

Don you’re thinking of the port plan. The police retirement plan is based on the last five year’s average base pay. Vacation and sick leave are not counted in that.

The average police retirement is approximately $26,700.

Lisa Lohmann

Not only do they not "spike", pension contribution is taken out of the OT worked, and the officer doesn't get it back, effectively making it a donation to the plan.

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Thank you for Reading!

Please log in, or sign up for a new account and purchase a subscription to read or post comments.