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Torrance PD Actual Pay Analysis – 2011 Rates Bottom Line up Front- contract is unjustifiable Four key points 1.Torrance taxpayers who work in the private.

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Presentation on theme: "Torrance PD Actual Pay Analysis – 2011 Rates Bottom Line up Front- contract is unjustifiable Four key points 1.Torrance taxpayers who work in the private."— Presentation transcript:

1 Torrance PD Actual Pay Analysis – 2011 Rates Bottom Line up Front- contract is unjustifiable Four key points 1.Torrance taxpayers who work in the private sector are paying approximately $90.00 an hour for a single 21 year old STEP 1 police officer with a high school education for working only approximately 1096 HRs 2.Torrance Police Department (TPD) is a massively top heavy organization. 1 Key Leader to every 3.3 patrol officers 1 SGT to every 5.6 patrol officers 3.All TPD Police Officers are now in the $100,000 CalPERS Club Under the current contract if a TPO stays in the force and moves to the highest STEP 6 level he will receive a $91,080.45 pension which does not include additional items such as promotions, pay raises, COLA adjustments, incentive pay (K-9). Therefore he will be in the $100,000 CalPERS Club when a person’s promotions and incentive pay is added in. 4.PV Annuities Start at $2.5M (Step 1 TPO) – $3.64 M (SGT -25 YRS) Yearly Cost of Retiree Pay @ today's rates not included in pay calcs $23, 703.64 to $38,429.93 (@5% Discount/IRR ) http://engineersforefficientgovernement.com

2 Torrance Police Officer (TPO) Actual Pay Analysis – 2011 Rates StepMonthlyBASEHR @ 1096W/BenefitsHR/WAnnuity2080 HRS 1$5947$71,364$65.11$98,452.98$89.83$2.25M$162,524.31 3$6371$76,452$69.76$108,393.36$98.90$2.41M$177,032.74 Torrance Police Department Sergeants Actual Pay Analysis StepMonthlyBASEHRs (1096)W/BenefitsHR/WAnnuity2080 HRS 1$8334$100,008$91.25$143,230$131.54$3.15M$233,017.78 US Military Comparison Table – Sergeant (US Army or USMC) Rank> 10YRSYRLYBAHYRLY BAHBASYRLY BAS Total @ (2080HRS +) E5-SGT$2947$35,364$1113$13,356$325.04$3900.38$52,620.38 Chiefs/CPTsLTsSGTsPoliceTotalRatio- Key LDRS Ratio-SGTs to Patrol 2/41632178222178/54=3.3178/32=5.6 US Military Comparison Table – Private First Class PFC (US Army) LCPL (USMC) Rank<2 YRSYRLYBAHYRLY BAHBASYRLY BASTotal @ (2080HRS +) E3$1653$19,836$990.$11,880.$325.04$3900.38$35,616.38

3 Torrance PD Actual Pay Analysis – 2011 Rates A 21 YR old Step 1 single police officer with a high school education is being paid with benefits $89.83 per hour or $98,453 without their retirement values added in. A 23 YR old Step 1 single police officer with a high school degree after 2 years of service is being paid with benefits $97.64 per hour or $108,758.29 Police officers only work 1096/992 HRS per year while the private sector employee works 2080 HRS per year. or 53%/48% of the average private sector worker An engineer with a PhD in Electrical (EE), Mechanical (ME), System (SE), Aerospace, (AE), Chemical (CE ) or Physics from MIT, CalTech, Stanford or any IVY league university with 25-30 years of experience is being paid less than a 21 year old TPD Step 1 officer with a high school education if he work 2080 HRS. Retirement Info A 21 year old TPD Step 1 single person with just base salary pay would receive a yearly pension of $64,227.60 ₁ - See US Military Officer rank comparable to this pay level. ($5947.00 X 12=$71,364.00 @90% =$64,227.60) A 23 year old TPD Step 3 Person with just base salary pay would receive a yearly pension of $68,806.80 ₂ - see Engineers for Efficient Government site for all detailed footnotes and Cost Analysis Worksheets A TPO after 30 YRS with base salary pay only would receive a pension of $91,080.45 1 Military Pay Chart 2011 – Lieutenant Colonel (LTC)(O5) Over/26 YRS @ 65% retirement -$8313 *.65=$5403.45 or $64814.4 2 Military Pay Chart 2011 – Colonel (COL)(O6) Over/24 YRS @ 60% retirement - $9711 *.60=$5826.6 or $69919.20 http://engineersforefficientgovernement.com

4 Torrance PD Sergeant Actual Pay Analysis – 2011 Rates A Step 1 single Police SGT is being paid with benefits $130.68 per hour or $143,229.58 without their retirement values added in. A Step 3 single Police SGT police officer is being paid with benefits $140.46 per hour or $153,948.10 They work only 1096/992 HRS per year before overtime while the industry standard is 2080 HRS per year. or 53%/48% of the average regular worker Retirement Info A TPD single SGT with just step raises on their base salary after 30 YRS can retire @ $104,130.09 - Difference from 2009 Base Amount for retirement and 2011’s amt = $6919.56 per year being indexed to possible final pay baseline. These figures do not include: Overtime Promotions Pay Raises Incentive Pay calculations http://engineersforefficientgovernement.com


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