Newsweek reported that Derek Chauvin, the Minneapolis police officer who held a knee to George Floyd’s neck for nearly nine minutes before he died, is still eligible for his $1 million-plus retirement pension, even if he’s found guilty on charges of murdering Floyd.
The article mentions that Chauvin would still profit from Police and Fire (P&F) Fund, a state pension plan from the Public Employment Retirement Association (PERA) partly funded by taxpayer dollars. Created in 1959, the P&F Fund provides “retirement and other benefits for county and city public safety officers throughout Minnesota.”
An analysis–which evaluated Chauvin’s tenure, payroll data from the previous fiscal year, and department salary schedules–by CNN shows that the former officer would be eligible for benefits worth an estimated $50,000 per year once he reaches the age of retirement, which according to the P&F Fund Handbook is 55. Chauvin is currently 44-years-old.
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