Monday, February 15, 2016

New Pension Plan, Read It and Weep

New Pension

14 comments:

Anonymous said...

Guessing there are many now wishing they had frozen and fled when they had the chance.

Anonymous said...

You guys will DEFINITELY be getting the cream of the crop applicants now haha. WOW.

Anonymous said...

Great recruiting/retention tool. God help that county.

Anonymous said...

If I read that right, that is the plan for all new hires after December 2015? And they wonder why we can't get and keep officers...

Anonymous said...

The memo says hired after 12/15. Everyone that was hired before that will fall under the system in place at the time. Only adverse affect will be attracting and retaining those looking for a viable retirement, however Dekalb is just mirroring what offer jurisdictions have already done. Take home unit like everyone else = same retirement as everyone else.

Anonymous said...

All Delta (my new employer) employees here just received our annual profit sharing check to the tune of 12 grand each. What's up with good old Dekalb?

Anonymous said...

Wow... If I'm reading this correctly, this pension is actually worse than the typical municipal pension in Gwinnett County.

Here's a link to Duluth's retirement, which is the same as mine. See page 28.


http://www.duluthga.net/departments/uploads/2015_06_01_Duluth_Benefits_Handbook.pdf

Anonymous said...

Unless you're already collecting/frozen, you're at risk for similar changes. If you remain employed there when changes eventually roll down the pipe then you've essentially agreed to the new terms. Good luck...

Anonymous said...

Doesn't matter when your hire date was because these changes effect all current employees via contribution amounts, etc. All this dump does is continually get worse.

Anonymous said...

Delta has a police dept? Lol

Anonymous said...

Obviously you dont work here. You dont freeze what you have. If hired before dec 2015 your in the old pension. Im leaving at age 50 and get paid for the rest of my life and no i dont need to keep working. Keep putting money in your 401k and by 65 you can leave the municipal dept. By then youll need glasses and a hearing aid lol.

Anonymous said...

Am I reading this correctly?????
Thirty years will now get you 30% of your average pay over last 36 months????
WOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
That is worse than what I just got from Commerce PD.
They have a 1.75% multiplier.....
A 1% multiplier is just ridiculous for a agency the size of DeKalb PD....

Anonymous said...

The real surprise is the fact there is still a pension at all. This will only soon fade and give rise to a 401k. The county as a whole is set for a new direction. The days of watches being well staffed are over. The changes being made to keep up with surrounding counties are slowly but surely coming. There is no urgency because there need none to be. If you are a senior officer making 50+ odds are you have 10+ years with the county meaning you are at least third of the way near retirement. The county seeks to maximize efficiency by eliminating "unnecessary" cost. Some have grasped new hope with the birth of Blue Dekalb. A noble effort but one that will fall short of its expectations. Reason why is because it is peaceful. I don't mean that in a promote violence type of way either. I mean that in by saying it is perhaps too diplomatic. The organizers seek to bargain with the county without showing any signs of strength. I see no strategic protest whether silent or visual. In fact, I see only cooperation and acceptance of whatever is presented hence by officers in uniform are no longer allowed to speak at those meetings. The demand for only 8% when one has been promised nearly triple in that time frame. The notion to start small does not come into play when dealing with negotiations. When you play a hand, you must present either a bluff or what I say is a "sure thing". There is no unity because of part-times. Part-times have effectively replaced your lack of salary and concern for fellow officer all together. It is in my opinion, the worst thing that has ever happen to policing. The idea of police officers renting themselves out to the highest bidder or should I say lowest bidder is comical and ironic. The county doesn't even regulate the wage earned to ensure you are atleast paid what you are worth. The real kicker is that you can go protect the county get injured, and not be covered. Imagine if all the hours officers spent working part-time jobs was overtime on the job instead. It would atleast give way to more officers being on-duty. I know i speaking a foreign language though, the honey is too sweet now. How dare I touch what last hope officers hope to make ends right. I wish rather overtime wasn't needed at all but I feel that would require a salary too large for the county to bear. I hope in all honesty that it doesn't turn out how I predict, but I lack faith. The county by all accords have been one of the last to implent changes lately. Last to implent take-home cars, to allow outer vest, to transition to glock, and last to what hopes to be a pay raise.

Doc J said...

The *recent*pension plan is a personal insult to all of you. I don't know how those crooked,worthless,bastards in Decatur,can even lay their heads on the pillow at night! Where is the chief,director,or whatever? Why isn't he up there in the C.E.O.s office,*all up in that ass*? Damn,its time for the departmental straw boss to*sack up*! But,in all fairness,this isn't one of those *insensitive,racial issues*that can be properly investigated and prosecuted without *someone*having to leave town,to chase all these unfortunate,but solvable,situations around the country. Somebody,anybody,needs to go up there,and grab that comm.guy by his collar,and start screaming,*WTF IS THE MATTER WITH YOU*? I know you wont have their undivided attention,because all those commissioner folk,are way 2 busy,just trying to figure out how keep their sorry ass's out of prison! Back in *much better days, the pension plan was at least manageable. True,our pay was low,but still,we weren't burdened with a unreasonable deduction,that would cause us to struggle more, financially,than we *ALREADY WERE. A whole lot left,but some of us stayed. Sound familiar? Please don't throw up your hands,and leave this profession. Investigate around,especially some of these smaller departments. Larger doesn't always mean better. My youngest son works for a city agency. It is indeed much smaller,with a smaller area to police,but the benefits are better. He has been there only 7 years,was promoted last year,and makes comparable pay. His department,believe it or not,actually pays for his college. He has almost completed his Masters Degree,on the *departments dime*. I ve always reminded him to *have a plan/work your plan,to fruition*. He is vested at 10+2 years regarding his college reimbursement,wants to early out,and work in corporate security,starting at a 6 figure salary. All I'm asking,is for you to make yourself marketable,either in this job,or some other aspect of this job. At least you owe that to yourself,if not,do it for your family. Don't forget,this job will chew you,and spit you out,if you are not vigilent. My son has done well,and I am obviously proud of his accomplishments. I sincerely hope this for all of you,as you continue to do this very dangerous,thankless job. The county has demonstrated it total lack of concern for your welfare,more importantly,your future. This department,as well as this profession,desperately needs men and women like all of you. Please be safe,watch your back,and everybody's back,as well. You all need each other. This country needs you,as well . Nobody love's,or supports you more,this old beat up,broke up motorman.