Cop enters drop-pension plan
A veteran city police officer will receive an annual retirement of $47,183, according to results of a city police pension board meeting following City Council Thursday night.
Lt. Steven Helm, 50, who has worked for the city nearly 24 years, will receive $3,932 a month, based on his last year of work, according to Joseph Pawlak, city fiscal and budget officer.
Helm requested entering the drop-pension program on April 30.
The drop-pension permits an officer who has reached age 50 five more years of active service, but he or she may retire at a moment’s notice, according to Pawlak.
Four officers remain in the drop-pension, with the police complement boosted this week to 51 with the hiring of Damon Cole Thursday.
The police pension board consist of the members of City Council and Steven Sorage, a retired city police officer who retired as an agent.
A civil service list of potential candidates and police academies training cadets provides a replenishment for officers who retire or leave the force, according to Mayor Gabriel J. Campana.
Helm is the president of Fraternal Order of Police Lodge 29, the police union.