1% fund

Do you guys receive money from the 1% fund upon retirement? Are the medical benefits affordable? Do you go by the rule of 70 for retirement calculations? How's the overtime and off-duties?

Any help is greatly appreciated.

Do you guys receive money from the 1% fund upon retirement? Are the medical benefits affordable? Do you go by the rule of 70 for retirement calculations? How's the overtime and off-duties?

Any help is greatly appreciated.

The State 1% money pays for our disability portion of our pension which keeps our cost down and the pension solvent.

Medical is free for the employee and you pay 1/3 the cost for family member. The city has also set up a retirement health savings account that they fund for you and you can contribute also. The insurance itself is ok not the best and we certainly have had worst (Humana right now).

Pension is 3.2% times years of service (25 years for normal retirement or 10 and age 52). All overtime is included in the compensation average and the first $10,000 in detail pay. If you work $10,000 in details you can boost your final payout to 91.5% (sweet huh!)

We have lots of overtime available if you want to work it and lots of off-duty details. We have the two race tracks with their casinos, plus other detail work.

Thanks for the prompt response. It's really appreciated. God bless and watch your six.

I AM GOING YOUR WAY TOO.....

Love to have you, we have 14 openings and two more retire after the first of the year. Despite the b##ching you may read here we only lose people to retirement and the Feds, most officers stay because we really do have it good.

Love to have you, we have 14 openings and two more retire after the first of the year. Despite the b##ching you may read here we only lose people to retirement and the Feds, most officers stay because we really do have it good.

Yea keep thinking that. There are quite a few who are in the process of leaving.

Do you guys receive money from the 1% fund upon retirement? Are the medical benefits affordable? Do you go by the rule of 70 for retirement calculations? How's the overtime and off-duties?

Any help is greatly appreciated.

The State 1% money pays for our disability portion of our pension which keeps our cost down and the pension solvent.

Medical is free for the employee and you pay 1/3 the cost for family member. The city has also set up a retirement health savings account that they fund for you and you can contribute also. The insurance itself is ok not the best and we certainly have had worst (Humana right now).

Pension is 3.2% times years of service (25 years for normal retirement or 10 and age 52). All overtime is included in the compensation average and the first $10,000 in detail pay. If you work $10,000 in details you can boost your final payout to 91.5% (sweet huh!)

We have lots of overtime available if you want to work it and lots of off-duty details. We have the two race tracks with their casinos, plus other detail work.

Do you get free medical when you retire ? How many years average for the 91.5%? Thanks.

Love to have you, we have 14 openings and two more retire after the first of the year. Despite the b##ching you may read here we only lose people to retirement and the Feds, most officers stay because we really do have it good.

Yea keep thinking that. There are quite a few who are in the process of leaving.

Not true, besides wanting to leave and having someone willing to hire an a**ache are two different things.

Do you guys receive money from the 1% fund upon retirement? Are the medical benefits affordable? Do you go by the rule of 70 for retirement calculations? How's the overtime and off-duties?

Any help is greatly appreciated.

The State 1% money pays for our disability portion of our pension which keeps our cost down and the pension solvent.

Medical is free for the employee and you pay 1/3 the cost for family member. The city has also set up a retirement health savings account that they fund for you and you can contribute also. The insurance itself is ok not the best and we certainly have had worst (Humana right now).

Pension is 3.2% times years of service (25 years for normal retirement or 10 and age 52). All overtime is included in the compensation average and the first $10,000 in detail pay. If you work $10,000 in details you can boost your final payout to 91.5% (sweet huh!)

We have lots of overtime available if you want to work it and lots of off-duty details. We have the two race tracks with their casinos, plus other detail work.

Do you get free medical when you retire ? How many years average for the 91.5%? Thanks.

They don't pay directly for the medical that is the point of the Health savings account, it works like deferred comp. The city and you (if you want) put money in a mutual fund to be available when you retire.

The averaging is done per your last two years, so you would only really need to work the details those two years to get that higher average.