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Retirement age: Private versus government

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Posted: Tuesday, April 20, 2010 12:00 am

Once again I see a city employee, chief of police, retiring at 51 years with 90 percent of his salary.

At $150,000 per year, that's about $130,000 to $135,000 per year. How many retired chiefs of police can the city afford at one time?

I'm not complaining that these city employees are the problem; I'm thinking the people who negotiate these great retirement packages might be. How is it that private industry can't afford retirement payments until 60 to 65?

When you see that 50 to 70 percent of city budgets are going to retired employees it might be time to re-think the age limits for future employees. I think some of the best value for most trained employees in their 50s.

Dennis Regan

Lodi

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