Increase Your Retirement Submitted by Captain Kevin Rodgers, MPD Second Precinct
Almost 30 years ago, I was a young officer and figured I would never be old and ready to retire. Fortunately, I had enough sense to listen to a few old timers and took their advice. For that reason, I want to share a piece of advice that I was given back then with some of you younger officers. Please consider enrolling in the Alabama Peace Officers’ Annuity and Benefit Fund. I am aware that everyone seems to have their hand in your pockets and wants to sell you insurance, deferred comp investments or legal protection. Do yourself a favor and at least investigate this program. H E R E I S H O W I T W O R K S : Any POST certified officer in the state of Alabama is allowed into the program. You are charged $20 per month and must be in for a minimum of 15 years. $20 x12 = $240 per year x 15 years = $3,600 At 15 years, you will receive $103.75 per month for THE REST OF YOUR LIFE! $3,600 divided by $103.75 = 34.69 months You will get your entire investment back in less than three years after retirement. Plus, your survivors get another $2,500 to bury you.
Of course, the more years of participation you have the more you will get back on a monthly basis. Guys, this is a NO-BRAINER! This program is funded through member contributions and receives $1 for every traffic citation written in the state of Alabama. In addition, if you leave the Mobile Police Department but stay in law enforcement in the state of Alabama, you retain your years of participation and may continue to accrue more years if you continue to contribute. If you get out of law enforcement all together, you get back 90% of your investment. I am only a member of the annuity and gain nothing by enticing you to join. I am just a strong believer in the fund and firmly believe it is a great investment. I do not believe enough people are aware that it even exists. I hope you will at least investigate it and make the decision that is best for you. Believe it or not, one day you will be old and thinking about retirement too. Be Safe, Captain Kevin Rodgers Second Precinct
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