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http://www.duke.edu/web/police/about/employment.html

Police Officer Salary and Benefits
Salary
The approximate total annual compensation is $32,247 for entry level applicants and $33,840 for lateral applicants who currently hold a commission as a NC law enforcement officer. Upon receipt of NC law enforcement officer commission, entry level applicants are then increased to the lateral entry salary rate. Total annual compensation includes base pay, scheduled overtime on 12-hour shifts, and typical night/weekend differentials.

Benefits
For a listing of all benefits, other than the special Retirement Plan for Police Officers described below, see Benefits for Staff Paid on the Biweekly Payroll.

Retirement Plan for Commissioned Police Officers Duke University offers benefits through the Employees' Retirement Plan (ERP) specifically designed to address the retirement needs of its commissioned police officers. These benefits give commissioned police officers an array of choices as to when they can retire and how their benefits are paid. Through post-tax payroll deductions, police officers are required to contribute 6% of their pay to the retirement plan. These contributions are not tax-deductible. Interest is credited on the employee's contributions at a rate published annually by the federal government.

Three ways Duke University police officers can qualify for retirement benefits:

Normal Retirementunreduced retirement benefit with:
30 years of credited service, or
Age 55 with five years of credited service.
The retirement benefit will be paid in monthly installments for the rest of the employee's life according to the following formula:

1.75% of employee's average final compensation

times

years of credited service during or for which mandatory contributions were made

divided by 12

Early Retirement - a reduced early retirement benefit at age 50 and at least 15 years of credited service. Early retirement will become effective the first day of the month after the employee applies for retirement. The early retirement benefit is calculated under the same formula as at normal retirement except that the amount is reduced by the lessor of:
five percent per year for each year of service less than 30, or
four percent per year for each year prior to age 55 that the benefit is paid.

Postponed Retirement - occurs if employee works past normal retirement age. Employee can retire on the first day of any month after their normal retirement date (30 years of credited service or age 55 with five years of credited service).

Special Separation Allowance - if employee retires before age 62, they may be eligible to receive a temporary supplemental retirement payment in addition to their benefit payment. This benefit will be paid from the date of retirement until the earlier of the attainment of age 62, death, or reemployment by Duke University. To be eligible for this benefit the employee must have:
Completed 30 years of creditable service (50% of the service must be as a Duke Police Officer)
Reached age 55 with five years of creditable service, and
Completed a minimum of five years of continuous service as a Duke Police Officer during the eight years immediately before retirement.
This Special Separation Allowance equals:

0.85% of annual base rate of compensation times years of creditable service divided by 12
 
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