New Delhi, March 22 -- Proposed overtime cuts within the New York Police Department are raising concerns about a potential wave of retirements, particularly among senior officers, according to a report by the New York Post.
Union officials told the Post that reducing overtime could significantly impact pension calculations, especially for officers hired after 2000, whose retirement benefits are tied to roughly half of their final year's earnings. As a result, some officers may opt to retire earlier to lock in higher payouts based on 2025 earnings, which included more substantial overtime.
Earlier this year, officers were instructed to reduce overtime by 9 to 11 hours in February as part of a cost-saving initiative, the outlet reported. ...
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