Tuesday, May 27, 2014

~ D.C. Police Chief Cathy Lanier ~ Reptilian Hybrid ~

Cathy Lynn Lanier (born July 22, 1967)Lanier joined the Metropolitan Police Department of the District of Columbia in 1990 as a foot patrolman. In 1994 she was promoted to Sergeant, and, two years later, a Lieutenant, before becoming a patrol supervisor. In 1999, she became a Captain and, later that year, was promoted to Inspector and placed in charge of the Department's Major Narcotics Branch/Gang Crime Unit. In August 2000, she was promoted to Commander-in-Charge of the Fourth District of the city. In April 2006, she became the Commander at the Office of Homeland Security and Counter-terrorism, Office of the Chief of Police in MPDC, overseeing, among other things, the bomb squad and the emergency response team is the chief of the Metropolitan Police Department of the District of Columbia (MPDC). Lanier was appointed by Washington, D.C. Mayor Adrian Fenty in January 2007, replacing outgoing Police Chief Charles H. Ramsey. She is the first woman to achieve the position. In May 2012, Mayor Vincent C. Gray agreed to retain Lanier as police chief under a new five-year contract.

 And how much will she be earning you ask? here is the  math: Lanier's old contract put her pension payments at a minimum of 71.5 percent of her final salary. Segraves reports that in 2015, Lanier's salary will get a 5 percent bump to her $253,000-a-year salary. For argument's sake, let's say Lanier makes it to 2015 and gets the pay bump before retiring.

That would put her final salary at $265,650. Her pension would then be somewhere around $190,000 a year, plus a cost-of-living increase. FOP police union boss Kris Baumann (an outspoken critic of Lanier) estimates that the cost of living increases are generally about 2 percent.

Lanier was born in 1967, and probably has many years of good health ahead of her. It's entirely possible that she draws a pension for 40 years or more after she retires. How much might that cost? In 40 years, thanks to the magic of compound interest, Lanier's yearly pension would be more than $400,000. Add it all up, and 40 years of pension payments would total more than $11 million.

By contrast, Baumann says the average pension for the rank-and-file cop who retires after 25 years is about 62 percent of their final salary and shakes out to about $55,000 a year. In 40 years, that pension would be worth about $120,000 a year, and the 40-year total would be about $3.3 million.

That's a pretty big difference, no? And if you put Lanier's retirement package up against the average non-public employee's IRA, well, let's just not go there.