BY PAUL HOGARTH
BEYONDCHRON
BeyondChron: San Francisco's Alternative Online Daily News � Retirement Package Drives Cost of Police, Firefighters: "How would you like to make $100,000 a year, get generous annual raises and retire at 55 – with a pension that pays up to 90% of your final salary? San Francisco firefighters and cops get this, while other City workers (who generally make less) only receive up to 75% in retirement pensions. Voters passed a Charter Amendment in 2002 that created this package for police and firefighters – and now it’s costing us dearly. Gavin Newsom’s budget this year gives the Police another $16 million, but $12 million alone goes to pay for increased retirement costs (with 25% of the force eligible to retire.)"
.
