So how about if you have a 'back the badge' sign in your yard, or when you obtain your 'back the badge' sign, you're automatically signed up for an additional 10% tax on your yearly earnings to help pay for the exorbitant costs of the police? Otherwise, how about supporting a mayor when he tries to reign in the ever-increasing demands and costs from police departments?
They promise to serve and protect, and in return, Milwaukee police officers are rewarded with full pensions after 25 years on the job. For some, that means retirement as early as age 42. Milwaukee's mayor said the costs are cutting into public safety.
"Unfortunately, it's going not to police officers on the street. It's going to pay for their pension," Milwaukee Mayor Tom Barrett said in October.
So how expensive are these police pensions? WISN 12 News did the math.
According to city records, a 42-year-old retiree gets an average $57,134 in pension yearly. By the time he's 65, he'll have collected $1.3 million. If he lives to 80, he'll collect an additional $857,000. That's more than a $2.1 million pension payout.
But there's more than one.
The average retirement age at Milwaukee Police Department is 53, but there are 834 officers between 42 and 52 currently collecting pensions. The cost to taxpayers for a single year is nearly $48 million. [source]