Omaha Police Chief Todd Schmaderer plans to postpone his retirement
(Omaha, NE) – Omaha’s police chief says he has no plans to retire and that he will postpone retirement despite being allowed to leave the department.
Omaha Mayor’s Office Jean Stothert said in February that Chief Todd Schmaderer had served the Omaha Police Department for 25 years, which will allow him to retire. According to Stothert’s office, Schmaderer told them that he would not retire, but rather join the deferred retirement program and serve as chief for up to five more years.
“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. “
Schmaderer has been Omaha’s police chief since 2012, making it the city’s second-longest police chief. The mayor’s office says that this also makes him one of the longest-serving city bosses in the country.
DROP is being made available to sworn police and fire fighters by Omaha so 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 will continue 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 not entitled to social security, 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 this 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 mayor’s office says the city’s police and fire department pension and human resources authorities will look into Schmaderer’s DROP application at their meetings in April.
(Photo by WOWT 6 News)