Not sports related but fascinating nevertheless.
The top 5 police pensions $474,511, $323,357, $302,281, 276,072, 233,204. That is every year for the rest of your life in retirement. The commissioner earns $226,366 a year. Pensions are calculated using your salary plus overtime over a 3 or 5 year period. The names and ranks aren't disclosed on those 5 pensions but they could easily be a detective or a police lieutenant. This goes on all the time in NYC where city employees get this ridiculous overtime so they can put together a 3 or 5 year period where their salaries are through the roof so they can get pensions of this magnitude. A Queens College history professor in 2018 was the all time king. He was taking down $561,286 a year. His final salary before he retired $116,364 a year. He did work for 50 years and part of the reason his pension rose was cost of living increases. These pensions aren't 401K's. It doesn't matter what the stock market is doing. These are guaranteed amounts of money. They can only go up while you are working because they take the highest 3 or 5 years of your earnings. Another Department of Education employee, Mary O'Brien was receiving $436,391 she has been retired since 2012. A department of sanitation employee who was the director of labor relations was receiving $285,047 a year but he did work for 60 years
The top 5 police pensions $474,511, $323,357, $302,281, 276,072, 233,204. That is every year for the rest of your life in retirement. The commissioner earns $226,366 a year. Pensions are calculated using your salary plus overtime over a 3 or 5 year period. The names and ranks aren't disclosed on those 5 pensions but they could easily be a detective or a police lieutenant. This goes on all the time in NYC where city employees get this ridiculous overtime so they can put together a 3 or 5 year period where their salaries are through the roof so they can get pensions of this magnitude. A Queens College history professor in 2018 was the all time king. He was taking down $561,286 a year. His final salary before he retired $116,364 a year. He did work for 50 years and part of the reason his pension rose was cost of living increases. These pensions aren't 401K's. It doesn't matter what the stock market is doing. These are guaranteed amounts of money. They can only go up while you are working because they take the highest 3 or 5 years of your earnings. Another Department of Education employee, Mary O'Brien was receiving $436,391 she has been retired since 2012. A department of sanitation employee who was the director of labor relations was receiving $285,047 a year but he did work for 60 years