Officer Charged with Murder of George Floyd Could Get Over $1 Million Pension
By News
Published 4 years ago on
June 12, 2020
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Forbes Derek Chauvin, the Minneapolis police officer who held a knee to George Floyd’s neck for about nine minutes before he died, is still eligible for his $1 million-plus retirement pension, even if he’s found guilty on charges of murdering Floyd.
“Neither our Board nor our staff have the discretion to increase, decrease, deny or revoke benefits,” a Minnesota Public Employees Retirement Association spokeswoman told CNN.
Regardless of how or why an officer is terminated, they remain eligible for future benefits unless they forfeit these benefits to refund their contributions during employment, according to the Association.
44-year-old Chauvin could start receiving benefits of around $50,000 annually at age 55, according to CNN.
Read More →
Forbes Derek Chauvin, the Minneapolis police officer who held a knee to George Floyd’s neck for about nine minutes before he died, is still eligible for his $1 million-plus retirement pension, even if he’s found guilty on charges of murdering Floyd.
“Neither our Board nor our staff have the discretion to increase, decrease, deny or revoke benefits,” a Minnesota Public Employees Retirement Association spokeswoman told CNN.
Regardless of how or why an officer is terminated, they remain eligible for future benefits unless they forfeit these benefits to refund their contributions during employment, according to the Association.
44-year-old Chauvin could start receiving benefits of around $50,000 annually at age 55, according to CNN.
Read More →
By Alexandra Sternlicht | 12 June 2020
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