General Forums >> Law Enforcement Careers >> retirement

Rate

retirement

411 Views
15 Replies Flag as inappropriate
Photo_user_blank_big

13 posts

back to top

Posted over 2 years ago

 

 So fellow law man and women, what is the retirement looking like in this field? Is it kinda good, kinda bad, great,etc. ?????????

White_shirt_max50

4763 posts

back to top
Rate

Rate This | Posted over 2 years ago

 

You are getting way ahead of yourself. When you make application axe.

New_picture__1__max50

957 posts

back to top
Rate

Rate This | Posted over 2 years ago

 

You have the cart before the horse. Just have fun on the job, you will retire soon enough and than you will get the message.

Th_germanshepard_max50

1941 posts

back to top
Rate

Rate This | Posted over 2 years ago

 

Ask me again in a year.


Beyond fatigue lies compensatory hypertrophy

Surf_2014_max50

5893 posts

back to top
Rate

Rate This | Posted over 2 years ago

 

I can tell ya that I am 3 years into retirement from being a topped out Sergeant in a police department and  ... life is good.


You just have to have the stones to last all those years to draw on a bulletproof retirement.


It's one of societies best kept secrets: A public safety retirement pension.


The Guy !
Photobucket

Honoring the Fallen

Img_0010__2__max50

2473 posts

back to top
Rate

Rate This | Posted over 2 years ago

 

Nine months to go. My advice to anyone just starting out is to be sure to supplement your pension with a retirement account on your own. Invest whatever you can afford. The way things are going with pension plans and such you may need some extra cushion.


PL MENTORING TEAM MEMBER

"Don't underestimate the drawing power of the Garden State." From the film "Dogma"

Trying to stay sane in an insane world...

Gods_team_max160_max50

154 posts

back to top
Rate

Rate This | Posted over 2 years ago

 

In California they are demonizing Public Safety retirements and trying to cut them back, I know in my department we now have a two tier system. Anyone hired after 2010 has to work longer and will never get to the retirement rate of those who were hired prior to 2010

Surf_2014_max50

5893 posts

back to top
Rate

Rate This | Posted over 2 years ago

 

BigNTS says ...



Nine months to go. My advice to anyone just starting out is to be sure to supplement your pension with a retirement account on your own. Invest whatever you can afford. The way things are going with pension plans and such you may need some extra cushion.



+++++++++++++++++++


 


(...or promote up through the ranks and walk away as a Captain, Undersheriff or equivalent. Bwahaha .....)


The Guy !
Photobucket

Honoring the Fallen

Duke_max50

318 posts

back to top
Rate

Rate This | Posted over 2 years ago

 

Retirement is relative....to where you work and your state. In OK Sheriff's Deputies are not classified as civil servants and therefore not on state police pension. There is a system they can be on that is similar but the county has to be a part of it, (Oklahoma Public Employees Retirement) My county is not part of that system, we are set up on a system that resembles a 401-K....and it sucks.


I have been point eligible for 2 years and cannot retire because there isn't enough money. On this system I have 2 choices; 1) work here until I die or 2) retire and start a new career where I can work until I die.


Check the agency you are interested in and see what type of system they are on. Some are great, others are like mine. My $.02


 


If you can put some ice in a glass of bourbon I can drink it. If you can't I can still drink it.

Th_germanshepard_max50

1941 posts

back to top
Rate

Rate This | Posted over 2 years ago

 

TheSarge says ...



BigNTS says ...



Nine months to go. My advice to anyone just starting out is to be sure to supplement your pension with a retirement account on your own. Invest whatever you can afford. The way things are going with pension plans and such you may need some extra cushion.



+++++++++++++++++++


 


(...or promote up through the ranks and walk away as a Captain, Undersheriff or equivalent. Bwahaha .....)


 


 


 


 


(or) Retire from the military, retire from the State Police, and draw Social Security.  I fully intend on sitting on the porch and gets 3 checks.



Beyond fatigue lies compensatory hypertrophy

John_groh_max50

786 posts

back to top
Rate

Rate This | Posted over 2 years ago

 

I have to bump BigNTs on this one.  Retirement is good but you had better put something away as well.

New_picture__1__max50

957 posts

back to top
Rate

Rate This | Posted over 2 years ago

 

TheSarge says ...



I can tell ya that I am 3 years into retirement from being a topped out Sergeant in a police department and  ... life is good.


You just have to have the stones to last all those years to draw on a bulletproof retirement.


It's one of societies best kept secrets: A public safety retirement pension.



Yes Public Safety Retirement is a well kept secret.  That said the systems are now under attack from the politician.  They are avoiding other issues such as their misuse of public funds for personel gains.  (trips, expence accounts, political gifts ect.)  By redirecting the attentation to public employee retirement they make it look like they are answering to the people.


Problem is that the changes are for new employees only.  The rest of the now employeed and retired  employees are vested, and protected by case law.  So all they are doing is changing things for the future ,not for the present.  This will save no money for over twenty years.  But it can redirect the media away from political corruption and misuse of public funds.


Politicians are sons, and daughters of politicians and have never had a real job that required any real work.  Kind of like people on welfare, feeding on the rest of us. 


One reporters opinion 

Surf_2014_max50

5893 posts

back to top
Rate

Rate This | Posted over 2 years ago

 

HDSB191 says ...



TheSarge says ...



I can tell ya that I am 3 years into retirement from being a topped out Sergeant in a police department and  ... life is good.


You just have to have the stones to last all those years to draw on a bulletproof retirement.


It's one of societies best kept secrets: A public safety retirement pension.



Yes Public Safety Retirement is a well kept secret.  That said the systems are now under attack from the politician.  They are avoiding other issues such as their misuse of public funds for personel gains.  (trips, expence accounts, political gifts ect.)  By redirecting the attentation to public employee retirement they make it look like they are answering to the people.


Problem is that the changes are for new employees only.  The rest of the now employeed and retired  employees are vested, and protected by case law.  So all they are doing is changing things for the future ,not for the present.  This will save no money for over twenty years.  But it can redirect the media away from political corruption and misuse of public funds.


Politicians are sons, and daughters of politicians and have never had a real job that required any real work.  Kind of like people on welfare, feeding on the rest of us. 


One reporters opinion 



The Guy !
Photobucket

Honoring the Fallen

Surf_2014_max50

5893 posts

back to top
Rate

Rate This | Posted over 2 years ago

 

See above post from HDSB191.


Yup and concur.


The Guy !
Photobucket

Honoring the Fallen

Bronzestarribbon_max50

1930 posts

back to top
Rate

Rate This | Posted over 2 years ago

 

Not counting my chickens before they hatch.  If all goes well I shall have my military pension as an officer and then in my area we have a Police a Fire program (KP&F)  that is better than the standard state program (KPERS), so lord willing and ex-wife can pass I will have that pension to draw on and of course SS.


As was said earlier be sure a set yourself up in a program that you can protect yourself with and your future.  If you start on the day you start drawing your pay, an alotted amount to put into a fund, then when you finish with your years of service you may be sitting a lil bit more comfortable.  If you opt to enlist in the Guard or Reserve you must stay for at least 20 years and then you have to wait until your 60 (currently) to collect. the retirement at the rank you achieve upon retirement eligibility.


Take care of yourself because no one else will and good luck.  Get your education and then get the job first, then plan for retirement...