Toledo Badge Arch Mike Navarre reflects on his career with the badge administration during an interview.
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Toledo Badge Arch Mike Navarre’s retirement aing ages is actuality dictated by a accepted but arguable alimony plan for Ohio’s badge and firefighters that will leave the city’s top administrator with a ample backup egg.
Upon clearly announcement his retirement Thursday, Arch Navarre, 55, said he is abrogation the job Oct. 21 because he has accomplished the best cardinal of years that badge admiral and firefighters are accustomed to abide in Ohio’s Deferred Retirement Option Plan (DROP).
“It’s article I accept to do for my family. I can optimize my alimony with the deferred plan,” the arch said. “I basically fabricated the accommodation to retire eight years ago back I active up for DROP. Had I accepted eight years ago that [Mike Bell] would be active for mayor, I ability accept waited to assurance up.”
A calculator on the Ohio Badge & Fire Alimony Fund’s Web armpit estimates Arch Navarre will accept a alimony accepted to alpha at about $65,453 a year and a lump-sum acquittal of $668,957, based on his $91,000 bacon in 2003
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