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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.
A friend of mine, who lives in my neighborhood, retired last year as a police officer at the age of 43 from 20 years of service and his lifetime pension benefit amount every month is currently $2,300.