Wow that is a hellavu pension with lifetime medical. I would hope most actually deserve it.
Oakland is very generous with Public Safety...
The old pension plan was even more generous and the last to start was 7 years ago.
The old plan pegged retirement at what the rank pays today... so every time officers get a raise the retirees pension increased...
Even a lawsuit because they wanted Overtime included in the calculation and survivor benefit...
Honest... there are retired OPD that earn in retirement 2.5 times the amount they earned working and at that time it was 100% city funded... now the officers have to contribute some.
The one with the 180k pension retired at 52 with 30 years service... he got bored... only so many new trucks and boats you can buy even if you have 15k coming in... so he went to work for the county at 130k starting to add to his 180k...
I tested for OPD, SLPD, County... the Chief of SLPD sat me down and said here is the problem... we need minority officers and women... we are so desperate that we recruit from Atlanta and Chicago and fly them out...
Unless you are female and/or minority the only way you can get hired is to pay your way through the academy and graduate at the top... then we can hire you.
The consent decree changed everything...
I just talked to one who retired on medical with 24 years in... he married and started a family.... he loved being Mr. Mom and invested in Income Property... he is 60 and his oldest is off to college next year with full scholarship... but who knows with Covid-19?
He is waiting out the storm at his vacation place with the family.
One person was very happy that I did not get into Law Enforcement... and that was my grandmother... as my uncle died in the line of duty as a deputy... she never recovered from that.