Overtime In Final Years Will Spike Ann Arbor Cop’s Lifetime Pension Payout [Michigan Capitol Confidential]

Overtime In Final Years Will Spike Ann Arbor Cop’s Lifetime Pension Payout [Michigan Capitol Confidential]:
"One Ann Arbor police detective with 31 years of experience would collect an annual pension of $126,000 if he retired this year, according to the city of Ann Arbor.
Detective David Monroe is eligible for that six-figure pension because he collected $47,491 in overtime in his final year, boosting his base pay of $93,922 to a total of $151,618.
The overtime pay Monroe received in 2017 would permanently boost his pension payout by $13,495 in every year of retirement.
That’s because the pension system Ann Arbor created for its employees allows overtime to be used in its benefit formula.
...The past 10 years, Monroe’s gross salary has averaged $133,334 a year, boosted by tens of thousands in annual overtime.
Monroe’s base pay his last year was $93,922, according to the city of Ann Arbor.
If his pension benefit amount were based on his base pay, his pension would be $80,000 a year..."
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