file photo by Boyd Loving
we have six to seven police officers retiring this year and are any of them being replaced soon. all across this town we lost so many workers in the last five years, and they come back and say the village don’t have the money to replace workers, but in the school ‘s they get over a 100,mill. this is not right. something needs to be done. because down the road ,o we are at the end of the road now. we are in big trouble as in work force.
They’re retiring this year because they get 65% of their final comp if they retire by 2016… it’s not because the Village hasn’t been hiring new officers, that’s BS. PFRS member’s special retirement benefit after 2016 will be 60% of final compensation, plus 1% of final compensation multiplied by the number of years of creditable service over 25 but not over 30, instead of the current benefit of 65% of final compensation plus 1% for each year of service over 25 but not over 30. That’s for anyone who didn’t have 20 years of service as of 2011, so it’s in their interest to retire now.
