Originally Posted by
Rex G
FWIW, appears that March 2017 has set a new record for the number of retirements, within one month, from Houston PD, slightly exceeding the number of December 2016 retirements. It may be bad manners to post an exact number, though not an actual violation of PD policy, as I see it. Let's just say that it takes an entire academy class to counter the attrition of the folks retiring in March, alone.
March has traditionally been a high month for retirements, because the pension COLA is added each April. This year, however, will the last COLA for at least three years, as a moratorium on COLAs will take effect after this one.
The next big month for retirements may well be June 2017, to beat a change scheduled to take effect in July, which will mostly affect supervisors who have promoted late in their careers.
The rest of us, who are retirement-eligible, but not really wanting to bail-out just yet, are waiting to see the final outcome of HB 43, and a related senate bill, in the state legislature.