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Moran Retires at Age 49

Sure seems young to me.

Moran Retirement.jpg

Addendum: Several of Dartblog’s energetic sources have written to fill me in on Captain Moran’s retirement. Having served as acting Chief, and given that his pension is based on his final three years of earning, in all likelihood the good Captain’s Hanover Po pension payout will never be higher than it is now. The talk is that he will sign on with the force in Thetford. After 20 years there, he’ll have a second pension to fall back on — in addition to his highest-bracket Social Security payments, which will kick in at the age of 68. Moran’s status at that point in time is called triple dipping; he’ll make more money as a retiree than as a working man.

And you thought Dartmouth’s benefits were generous.

Correction: Officer Michael Evans of the Hanover Police department writes in to clarify the benefits to which police officers like Frank Moran can earn:

On your musings about Frank Moran’s retirement income, members of a mandatory public retirement system (in this state, effectively all full time police officers and firefighters) do not pay social security taxes and do not earn SS credits for those years of employment. So a young guy getting into this work probably hasn’t worked enough time to http://www.ssa.gov/slge/mand_ssandmed_cov.htm”>qualify for a social security benefit.

Then, if we make it to a full retirement, and do something else for long enough to earn enough credits to qualify for a SS benefit (I’ve not explored what this actually entails) we are penalized and our SS benefit reduced through the Windfall Elimination provision or a surviving spouse’s benefits are reduced by the Spousal Offset.

This stuff makes my head hurt, but it’s not as easy to triple-dip as you suggest.

Thanks for the props, again, on the good work of our staff.

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