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View Full Version : APD Chief Announces a 4 Year Pay Plan



Unregistered
02-18-2017, 04:16 PM
APD
https://youtu.be/qu2bOfjaoEs

Unregistered
02-20-2017, 03:04 AM
At least APD is doing something in an attempt to keep their officers. I can tell you that Cobb County Police isn't, well their Board of Commissioners aren't doing anything but giving more lip service like they did in 2011, 2012, 2013, and 2014 as a total of 215 Cobb Police Officers bailed for other jobs. CCPD advertises a starting salary of $38k and a top out salary of $63k, but top out salary might as well be $630k because no one every reaches top pay. Look around and read the fine print!!

Unregistered
03-07-2017, 11:26 PM
Haha,

And that's only the half of it. Cobb County Police Department's Hybrid Pension Plan is a joke!!!!
It's half 401 and half pension which simply looks like this:

How is the annual retirement benefit calculated in the Hybrid Defined Benefit/Defined Contribution Plan?
For the Defined Benefit Component:The annual retirement benefit calculation formula uses the Final Average Earnings (defined as the average of the highest five (5) consecutive years, within the ten (10) years prior to the employee’s termination of employment) times a multiplier of 1% times the number of years and months of credited service.

Example: Final Average Earnings = $45,000 X 1.0% = $450 X 30 years of service = $13,500 Annual Benefit.

But let's pretend you could top out at $63,000 a year and average that for 5 consecutive year. It would look like this:

Fantasy Example: Final Average Earnings = $63,000 X 1.0% = $630 X 30 years of service = $18,900 Annual Benefit.
***And Overtime DOES NOT county towards your retirement.***
Check out the link: https://cobbcounty.org/index.php?option=com_content&view=article&id=1600&Itemid=532

Well worth being spit on, shot, stabbed, ran over by a car, sued, divorced, or targeted because your a cop. And those are just a list of things to look forward to from outside of the department.
I also hope that you are 21 years old when you start, so you can retire at 51 years old and start a second job/retirement and get 20 years in there to help supplement your retirement at 71 years old.

Your only other options are:
Be born into a wealthy family
Marry for money
Win the lottery or
Retire in a van down by the river.