Pensions. Law enforcement officers are among a small list of other occupations including teachers, government officials, insurance employees, and nurses that are offered the benefit of pension plans.
Hereof, do cops get good retirement?
Most police officers are given the option to retire after only 20 years of service with a pension equivalent to 50% or more of their salary. … In fact, the average salary for police and detectives in 2010 was $55,010 according to the Bureau of Labor Statistics.
Consequently, how much do HPD officers get paid?
In addition to a base salary, you may
| Positions | Base Salary* |
|---|---|
| Cadet/Probationary Officer | $42,000 |
| Police Officer | $58,785– $70,847 |
| Senior Police Officer | $85,407– $92,515 |
| Sergeant (5+ Years) | $92,879- 104,944 |
What jobs have best pensions?
Here are 10 industries in which employers might still offer jobs with pensions to full-time employees:
- Teaching. …
- Manufacturing and Production. …
- Insurance. …
- Finance. …
- Nursing. …
- Protective Service. …
- State and Local Government. …
- Military.
Can pension run out?
Can your pension fund ever run out of money? Theoretically, yes. But if your pension fund doesn’t have enough money to pay you what it owes you, the Pension Benefit Guaranty Corporation (PBGC) could pay a portion of your monthly annuity, up to a legally defined limit.