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Hiring Bonus

Retirement

Take Home Car

College Incentive  

Shift Differential  

Bilingual Pay  

Specialty Pay  

Longevity Pay  

Holiday Pay

Overtime Pay  

Compensatory Time

Medical, Hospitalization and Dental
Insurance  

Vacation Leave Accrual

Sick Leave Accural  

Parental Leave
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.
"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."
~ Barry M. Baker
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.

Here's a list of things you should
consider:  
Compare Salaries and
Benefits from some of the
nation's largest police
departments.
Police Salaries
and Benefits
Copyright © 2017  Barry M. Baker  
CareerPoliceOfficer.com
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