But Chauvin can still benefit from a pension partially funded by taxpayers. While a number of state laws allow for the loss of pensions for employees convicted of crimes in connection with their work, this is not the case in Minnesota.
The Minnesota Public Employees Retirement Association confirmed to CNN that 44-year-old Chauvin would remain eligible to file his retirement at age 50, but it would not provide details of the specific amount he would receive. Chauvin̵
“Neither our board nor our staff have discretion to increase, reduce, deny or revoke benefits,” said a spokeswoman. “Any changes to the existing law would need to be made through the legislative process.”
While a number of factors are used to calculate retirement benefits, Chauvin would probably be eligible for annual payments in the ballpark of $ 50,000 a year or more if he chose to start receiving them at age 55, according to a CNN analysis based on Chauvin’s employment, Payroll data from 2019, contract information, pension plan guidance, and Minneapolis Police Department pay plans Benefits can extend to $ 1.5 million or more over a 30-year period, including no living expenses. Chauvin’s annual payments could be even higher if he received significant overtime in previous years.
Two of the other officers charged with Floyd’s death were newbies, but one-third also appears to be eligible for retirement benefits from his time at the department, according to employment records released by the city. The Minneapolis mayor’s office, the police department and the local police union did not respond to CNN’s request for comment.
Public pensions are paid through a combination of contributions from taxable financed local authorities and employees themselves, as well as return on investment. Public security pensions are usually some of the most generous and have caused local and state budgets to balloon around the country.
But they are almost impossible to reduce or remove workers who have been promised them in public employment contracts, and police unions have fought hard to protect workers’ pensions. Officials usually pay part of their own salaries in the funds and usually receive their pensions instead of social security.
In the midst of growing calls across the country to knock out police departments and better allocate money to social services, such as youth and community development and mental health treatment, pensions are likely to be a flashpoint in the ongoing debate.
The laws on whether pensions can be abolished from police accused of misunderstandings vary by state. Less than half of states have laws that allow pensions to be removed from police sentenced for some form of crime, while some other states allow pensions to be removed for specific crimes such as corruption or sexual offenses against minors but not for conviction of a criminal offense. officer for using excessive force according to 2017 research published in the Journal of Law, Economics and Policy.
“Loss of retirement benefits for misunderstandings is quite rare,” said D. Bruce Johnsen, a law professor at George Mason University and one of the authors of the research.
“With this terrible tragedy, it can be a good time to push in this direction,” he added, noting that the specific situations that would allow for forgery must be carefully defined.
What should we investigate next? Email us: [email protected]