I genuinely have no idea what you're trying to argue in the first paragraph but I'm sorry, if you're trying to say something other than what civil servants is paid is heavily dependent on the median income for the area you don't know what you're talking about.
You don't under stand what I am saying, yet you say I don't know what I am talking about. That is comical.
Lets me put it visually using a simple averages equations (yes it's different than a median equation, but demonstrates the point).
(30+50+70+
90+150+250)/6 =
106.66
You are trying to say that the number in bold is derived from the answer that is underlined. That is factually false.
Police income is based off national averages and cost of living, just like most occupations. Then all income levels in an area re used to calculate the median income. That median income does not determine those salaries. The median income will change based on cost of living but that is only because incomes change due to the cost of living.
All median income statistic does is give a value to average income in that area. It does not dictate those salaries, be it civilian employment or civil employment.
Yes, I think in America today though being able to support a family on one income is considered a well paid job.
The majority of all occupations at the bare minimum should be able to support a family, specially one such as a police officer. That doesn't equate to being to being paid well. You keep using examples that only show how bad the income inequality has gone since the 60s that has nothing to do with police salary. That just highlights the problem we have in this country.
Okay but hopefully you understand you're factually wrong here. Overtime is most certainly included in a lot of pensions, like that of the NYPD, for example.
With pensions costs slated to reach $10 billion annually, an expense that represents about 11 percent of the city's total budget and about 35 percent of the city's payroll, what kind of checks and balances does the city have in place to ensure city employees are not abusing overtime and pension...
www.silive.com
Maybe in New York, but that is not the norm around the country.
I clearly did not tell you things you already knew about military pensions as you said a bunch of things that were just wrong. The fact that military pension is based off a fraction of earnings while police pensions are not is a highly relevant fact and you know it.
If you say so. Doesn't make you correct.
No, they don't. For example the NYPD pension requires only 10 years of service to be vested and that change was recent. In the not too distant past they only required 5 years of service.
You just don't know what you're talking about.
Vesting doesn't mean what you think it means. Being Vested doesn't equal getting a pension. Vesting only protects the account balance. It has nothing to do with receiving a pension. That is dependent on time served. If a person leaves or gets terminated before reaching the minimum time in service to receive the pension, yet they are vested, they get the full balance that is in their retirement account paid to them with their last pay check or sent from the investment firm that handles the pension. But their is no pension, nor is it the same value as what the pension would pay them if they fulfilled the time served, as most pensions are tied to investments.
Per the IRS:
“
Vesting” in a
retirement plan means ownership. This means that each employee will vest, or own, a certain percentage of their account in the
plan each year. An employee who is 100%
vested in his or her account balance owns 100% of it and the employer cannot forfeit, or take it back, for any reason. Amounts that are not vested may be forfeited by employees when they are paid their account balance (for example, when the employee terminates employment) or when they don’t work more than 500 hours in a year for five years.
Employee contributions
An employee's own contributions to the plan (for example, employee elective deferrals deducted from salary) are always 100% vested, or owned, by the employee.
While I don't know the specifics of your union I am very comfortable with saying the vast majority of individuals covered by a pension cannot retire after 20 years, regardless of age and without reduction in benefits. Maybe you're in an information bubble where that's normal, but it's not.
Because whether its good or bad isn't relevant, it's a fact.
Maybe they should pay better, but they don't. As the world exists today police are paid very well as compared to the average american and have benefits that are off the charts.
Go back to my original link. Police are not paid well. ($32k to $105K) that is not being paid well. Benefits are great, I will give you that, but so are mine.