New Albany Police Chief Mark Chaney has decided to retire in 2013 after 33 years of service as a law-enforcement officer.
Chaney, who did not specify his retirement date, has been chief of the New Albany Police Department since 1998.
Chaney will make approximately $100,110 this year. He is in line for a 3 percent raise next year if City Council approves the 2013 budget in December. That would bring his total annual salary to an estimated $103,113.
New Albany City Council on Nov. 13 passed a resolution to pay Chaney a portion of his accrued sick leave in 2012 and the rest in 2013 when he retires to "disperse the impact of the payout on the budget," according to the legislative report.
Chaney will convert 120 hours of accrued sick leave for payout in 2012. At his current rate of $48.13 per hour, that amounts to approximately $5,776 in additional pay for 2012, said city spokesman Scott McAfee.
After the first 120 hours are paid, McAfee said, the city's policy is to pay one hour for every three hours of sick leave accrued.
In 2013, McAfee said, Chaney is anticipated to have 2,845 hours of sick leave remaining. That calculates to pay for 948 hours, which, at Chaney's current rate of pay, would be approximately $45,627 in 2013. If he receives the 3 percent raise, the payout would be about $47,000.
Councilman Stephen Pleasnick said breaking up the payout makes sense because the city can avoid the larger one-time payout.
City Manager Joseph Stefanov said the city will begin searching for a new police chief in 2013. Chaney has agreed to help with the transition.
Chaney said when he retires, he plans to move out of state to be closer to two grandchildren and might consider teaching.
"I was an adjunct professor at Columbus State (Community College) for a number of years and I'm still interested in teaching," he said.
A native of Newark, Chaney said he decided to pursue a career in law enforcement after exploring career options in high school and talking to a family member who worked in law enforcement.
"I think it always appealed to me," he said.
After graduating from Heath High School, Chaney earned his bachelor's degree in criminal justice from Bowling Green State University and a master's degree from the University of Alabama before coming home to Newark to start his career.
Chaney was a police officer for Newark for three years. He then worked 15 years for the Upper Arlington department as a sergeant and lieutenant before being hired by New Albany in 1998.