$8M Police Chief’s Retirement Package

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You think only CEOs of big companies get these golden parachutes?
$18M for Tony Hayward at BP,  $32M for Mark Hurd at HP?

Think, again.  The embattled Chief of Police of San Jose, California, Ron Davis, is retiring.  Mr. Davis is barely 50 years old.  If he lives to an average US male age of 78, he will receive $6,000,000 dollars in pension benefits PLUS life time health insurance for himself and his dependents.  – A retirement package is potentially worth $7 to $8 million over his expected lifetime.  Given his age, and his recent candidacy for the Chief’s job in Dallas, Texas, we can expect that he will be able to improve on this number.

The Chief is an example of typical public employee retirement packages.

2 thoughts on “$8M Police Chief’s Retirement Package

  1. Paul McIntosh

    To describe Mr. Davis’ pension as “an example of typical public employee retirement packages” is ludicrous. If anything it is atypical. Yes, there are extremes and yes those extremes need to be curbed and benefits reigned in – BUT – there are tens of thousands to hard-working public sector employees that will retire on very meager pensions and to call Mr. Davis’ pension typical is a slap to every one of those.

    Reply
  2. Pingback: Arrogant Public Sector Union Behavior Is So 20th Century -- | Reimagine America

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