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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.
Most police and firefighters, as shown above, averaged $53,478 and $69,499, respectively. The 30-34 year service category, which would include most ranking officers, averaged $87,263. The average for all new police and fire retirees in 2011 was $68,162. In the police and fire system, only 114 out of 880 new retirees in fiscal 2011 had more than 35 years of service; based on the data in the state report, their weighted average pension was $97,793.