The debate will come to a head next year when lawmakers consider a measure sponsored in the House by Rep. Michael Costello, D-Newburyport that would allow local police officers to retire after 25 years of service with 75 percent of their salaries. They can currently retire with 80 percent of their salaries after 33 years.
Ok, so this will add an expensive benefit without regard to cost??? Seems to me like there could be savings in this.... oh, they only put enough info in the article to make things sound negative .there is a shock :shock: .David Baier, legislative director of the Massachusetts Municipal Association, said the bill would "create an expensive benefit without regard to the costs." He added that communities would be forced to pay the salaries and health insurance expenses for new police personnel while still funding health insurance for young retirees not yet old enough to receive Medicare.
1) Currently 33yrs = 80% Pension. Proposed is 25Yrs = 75%. To me that seems like a 5% savings if an officer wants to retire 7 years earlier.
2) A senior officer with 25+ years is going to be paid at the maximum rate in the pay scale, possibly with quinn bill, longevity bonuses, 5-6 weeks vacation, sizable amounts of accrued sick or LOP/Comp time, and health care benefits. During the seven year difference between 25yrs on and 33yrs on the job there could be 2+ contracts where the pay rates increase.
A new officer hired to replace the retired officer on the job 25yrs will be paid a barely livable wage through the academy and then not reach the top of the pay scale for a few years at the minimum. Not as much time off or other monetary bonuses. A lower overtime rate.
3) Its may be a new concept for some of these liberal groups, but as people get older they are prone to injuries more. Plus, the stress of the job has an effect, especially on the cardio system and risks for heart related problems, among other things. The health care costs increase as well as OT for officers out IOD/Disability in comparison to a younger offices. Not trying to knock the veteran officers out there, you do a good job, just making a point
Here we go again with the Massachusetts Municipal Association and their wonderful analyzation of things. Whether it is details, the quinn bill, or 25/75, people have to make an issue if it is anything positive for the police, but want want want when they have a problem or issue of some sort. It makes sense for officers to have that option; It is good for their overall health and well being and gives more people an opportunity in this wonderful profession.