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Originally Posted by 68style
Are you sure? RCMP has to do 35.............. I would imagine that RCMP members would be hella angry if VPD guys maxed out 12 years earlier than them.
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Does RCMP only get 2% pension per service year? If so, I'd be very surprised cuz I have always been under the impression that firefighters as well as the police earn 3% pension per year of service (Municipal, provincial, and federal employees, as I understand, are only entitled to 2% pension per year of service, but I'm sure you already know that.)
Bear in mind that meeting the full 70% pension requirement doesn't mean a person is entitled to start drawing on the pension -- IIRC, the earliest age to start tapping into that is still 55, it isn't until 60 yrs old when the pension payments don't get deducted. Also because of the way the salary used to calculate the monthly pension amount (average of highest 5 years of earning), there may not be any point to retire until you really start drawing the pension since the salary from those final 5 years are most likely going to be the highest.
So in Christensen's case, if he first joined the VPD at 25, even though he would likely have met the max 70% pension ceiling at 49 yrs old, he can't start drawing the pension until 55, and he can't draw into the pension without deductions until 60. If he is just cruising in his job, he might as well just keep working until the day he turns 60.