COPS 2.0 — Pension Statements / Computer UpgradeOctober 18, 2018
The City’s Office of Management and Budget is complaining about finalization delays by the Police Pension Fund. Currently, members are not being finalized until their 24th month, and in some cases longer.
Here’s the backstory: The 2018 pension statements have been available since the February 22nd payday. The Police Pension Fund is preparing a $55 million upgrade to its computer software system so that members will be able to go online to check their pension accounts. The new system was expected to go live in July of 2019, but has been delayed while the Department irons out technical kinks.