Pension Tsunami Strikes Again

By San Diego Union-Tribune, San Diego Union-Tribune - October 15, 2013

Frank McCoy’s coming retirement after eight years as Oceanside police chief comes with a steep price: taxpayers will owe him an annual pension of more than $170,000, based on the 51-year-old’s 29 years as a cop. Factoring in automatic 2 percent annual increases, McCoy is on track to one day make more as a former cop than he ever did on the force.

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