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That $2 million also happens to be the implied booty of your average California policeman who retires at age 55. Typical cities in California have a police officerâs retirement plan that works as follows: 3% at age 50.
He could have quit two years ago with a pension equal to at least 50 percent of his salary, an amount that can be substantially augmented with overtime. The average annual police officer pension in 2009 was $58,563, which does not include an annual supplement of about $12,000.