The current annual pay for a police officer is $61,347. There are scheduled increases in pay over the next 3 years to the present maximum of $93,202 a year. Overtime is paid at the rate of time and a half. There are excellent opportunities for promotion, with corresponding salary raises. Police officers are paid biweekly. Salary does not include an annual uniform allowance, sick time bonus, or college credit pay. Health Care Members of the Lancaster City Bureau of Police are covered under Capital Blue Cross. Davis Vision covers vision and Delta Dental covers dental coverage. Health benefits start immediately on your date of hire.
Every active police officer shall pay into the pension fund each month an amount of money equal to 5% of his/her base rate compensation. From each biweekly paycheck, there will be a pension payroll deduction. Retirees receive 50% of their actual salary, plus longevity, vested after twenty years of service. The collection begins after twenty-five years from the original date of hire with no minimum age requirement necessary to retire. Retirees receive 50% of the cost of the elected medical insurance covered by the City.
Deferred Compensation (457b Plan)
Deferred compensation is a voluntary retirement plan that offers up to a maximum of a $20,500 annual payroll deduction. The money is tax-deferred until retirement or when the money is taken out of the account. The money may be placed in various interest-sensitive investment options such as mutual funds and money market funds. The plan is offered through Nationwide Retirement Solutions.