A plan to keep retirement-age police officers working while allowing them to boost their retirement savings was winning voter approval, with 450 of 580 precincts reporting Tuesday night.
Over the next three years, Proposition B is expected to keep an estimated 200 officers in the department at less cost than recruiting and training new cadets, according to police union President Gary Delagnes, who helped raise about $300,000 to get the measure on the ballot.
The measure was expected to pass by a large margin, according to political analyst David Latterman, who added that it won nearly every endorsement in The City.
Officers have always been able to work beyond retirement age, but now they have a monetary incentive. An amount equal to their pension fund will go into an investment fund that would earn about 4 percent annually.
The Board of Supervisors would have a chance to review and renew — or cancel — the deferred-retirement program every three years.