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Reply #54: Cops probably had a good health plan before Medicare. And they probably worked a lot of overtime, [View All]

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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-04-11 04:13 AM
Response to Reply #35
54. Cops probably had a good health plan before Medicare. And they probably worked a lot of overtime,
Edited on Sun Dec-04-11 04:17 AM by No Elephants
too, so they may be receiving less in retirement than they actually received while working.

but, bottom line, they made a deal with the government and they fully performed their end of the deal. The story doesn't tell us enough. For example, how much did they contribute to their plans over their careers? Did they trade salary and more immediate benefits for a better retirment, as is often the case with government employees? Were their salaries adequate to compemnsate them for risking their lives as part of their jobs, or was the pension very much compensation for that? How well did the city steward and invest their contributions? And so on,

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