Police
Salaries and
Benefits
Salaries and
Benefits
 | |  | |  | |  | |  | |  |
 | |  | |  | |  | |  | |  |
Here's the good news -- police officers are receiving better pay and
benefits than ever before. More good news -- there aren't too many
other professions with better starting salaries.
There really isn't any bad news, but that doesn't mean you shouldn't
look closely at everything a police department has to offer you. If
you're in that early twenty-something group, you're not worrying about
things like medical coverage, longevity pay, and retirement -- I know I
didn't.
It's really pretty difficult to look twenty years ahead, but it will pass a
lot quicker than you think. Most police departments now offer
retirement at twenty years at 50% of your pay. That in itself is good.
Look around and see how many people you know who can retire after
twenty years with a similar pension...you won't find many.
Furthermore, private industry is getting out of the pension business in
favor of the 401k's. You now have the opportunity to supplement your
pension with a number of different deferred compensation plans.
As good as the retirement sounds, you won't likely be ready to retire at
twenty years. Half of anything just isn't as good as the whole thing;
unless, you plan ahead. If, during your career, you start thinking about
a second career, the twenty year retirement will be perfect. You may
hear police say, "You'll never get rich being a cop." Well, it depends on
what you mean by rich. The availability of deferred compensation
makes it possible for you to do some serious financial planning for your
future.
I've linked you directing to the salary and benefit pages of a number of
police departments. Be sure to check this Albuquergue page below. It
gives you excellent descriptions of everything you should be looking at:
benefits than ever before. More good news -- there aren't too many
other professions with better starting salaries.
There really isn't any bad news, but that doesn't mean you shouldn't
look closely at everything a police department has to offer you. If
you're in that early twenty-something group, you're not worrying about
things like medical coverage, longevity pay, and retirement -- I know I
didn't.
It's really pretty difficult to look twenty years ahead, but it will pass a
lot quicker than you think. Most police departments now offer
retirement at twenty years at 50% of your pay. That in itself is good.
Look around and see how many people you know who can retire after
twenty years with a similar pension...you won't find many.
Furthermore, private industry is getting out of the pension business in
favor of the 401k's. You now have the opportunity to supplement your
pension with a number of different deferred compensation plans.
As good as the retirement sounds, you won't likely be ready to retire at
twenty years. Half of anything just isn't as good as the whole thing;
unless, you plan ahead. If, during your career, you start thinking about
a second career, the twenty year retirement will be perfect. You may
hear police say, "You'll never get rich being a cop." Well, it depends on
what you mean by rich. The availability of deferred compensation
makes it possible for you to do some serious financial planning for your
future.
I've linked you directing to the salary and benefit pages of a number of
police departments. Be sure to check this Albuquergue page below. It
gives you excellent descriptions of everything you should be looking at:
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| Compare Salaries and Benefits from some of the nation's largest police departments. |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| Copyright © 2006 - 2008 - Barry M. Baker - CareerPoliceOfficer.com |
| Disclaimer |
| CareerPoliceOfficer.com is not responsible for the contents of any linked site or any link contained in a linked site, or any changes or updates to such sites. Links are provided only as a convenience, and the inclusion of any link does not imply endorsement by this site. |
| Online Video Learning Systems: Police Exam - U.S. Border Patrol Exam |