“Neither our Board nor our staff have the discretion to increase, decrease, deny or revoke benefits,” a spokeswoman said. “Any changes to current law would need to be done through the legislative process.”
While a number of factors are used to calculate pension benefits, Chauvin would likely be eligible for annual payments in the ballpark of $50,000 a year or more if he chose to start receiving them at age 55, according to a CNN analysis based on Chauvin’s tenure, 2019 payroll data, contract details, pension plan guidance and Minneapolis Police Department salary schedules. The benefits could stretch to $1.5 million or more over a 30-year period, not including any cost of living increases. Chauvin’s annual payments could be even higher if he received significant amounts of overtime in prior years.