Omaha Police Chief Schmaderer is postponing retirement
OMAHA, Neb. (WOWT) – After 25 years of service, 49-year-old Omaha Police Chief Todd Schmaderer plans to postpone his retirement entitlement and continue his role for up to five more years.
According to a message from Mayor Jean Stothert’s office, Schmaderer is submitting his application for the Deferred Retirement Option Program.
DROP is made available to sworn police and fire service personnel from Omaha so that they can continue to work for an additional five years after their planned retirement. The action will freeze the pension so that no further provisions will be paid out. However, the employee continues to contribute to the Omaha Police and Fire Pension Fund at a rate of 15.5% to 16.5% of their income, the press release said. During this time, the employee is also not entitled to social security or to promotions or “other benefits such as reimbursement of tuition fees or longevity remuneration”.
After the DROP period, the employee receives a lump sum payment for all pension provisions from that five-year period. When they actually retire, they will receive monthly retirement benefits, which is a gross monthly payment of $ 14,796.45 for Chief Schmaderer.
The city’s pension and personnel authorities for the police and fire brigade will examine Schmaderer’s DROP application at their meeting in April, according to the press release.
Schmaderer has been Omaha’s chief of police since 2012, making him the city’s second-longest police chief “and one of the longest-serving city chiefs in the country,” according to the mayor’s press release.
Omaha Police Chief Todd Schmaderer speaks about changes to OPD policy on Thursday afternoon June 25, 2020 while Mayor Jean Stothert listens. Police policy changes were announced earlier in the day. (WOWT) (WOWT)
“I am delighted that Chief Schmaderer will continue to act as our chief of police. We have made great strides together to make Omaha a safer city, ”said Stothert. “He is a valued member of my team, a consultant and friend. He is a strong and respected leader in the police department and in our community. “
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