Pension Spiking, Early Payouts, Second Careers Make For High-Income Cops – Michigan Capitol Confidential"Former East Lansing Police Chief Jeff Murphy retired in 2017.
In his last year on the job, Murphy collected $157,258 in total compensation.
This included $24,257 in accrued sick time he was allowed to cash out.
Another $28,853 in accrued paid time off also helped spike his lifetime police pension to $91,000 a year.
Immediately after retiring at age 51 with 30 years of police service, Murphy returned to work nearby, earning $93,747 each year working in security at Michigan State University.
...The gap between that amount and Murphy’s final gross pay of $157,258 highlights how high-level police — and some other public officials — can use state and municipal retirement systems to their advantage and how lucrative they can be..."
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