ALBUQUERQUE (KRQE) - Albuquerque Police Chief Ray Schultz will be gone soon, and when he leaves he'll get a big check from the city.
He'll walk away with more than $100,000 when he leaves the city in September.
"I've got over 31 years in law enforcement; 30 years with city of Albuquerque in the police department," Schultz said Thursday at a news conference announcing his retirement date . "There've been some lucrative changes in the retirement system that I'm able to take."
His last day as chief will be Aug. 3.
But even before those retirement benefits kick in, he'll get about $99,000 for about 1,500 hours of sick and vacation time he didn't use during the past eight years.
Schultz had already retired from APD before coming back for the chief's job in 2005. His current annual salary is a little more than $138,000, and the vacation and sick-time payout is based on that.
And he'll make another $10,000 for a month's worth of consultant work after he steps down from the chief's job. The mayor's office says that, too, also based on his current salary.
The city is also paying about $25,000 for a national search firm to identify candidates to permanently replace Schultz.
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