Published: Apr 08, 2013 11:29 PM EDT
Updated: Apr 08, 2013 11:44 PM EDT

CAPE CORAL, FL--Cape Coral council members looking to save the cash strapped city approved a pension reform for police officers.

The move raises the retirement age and number of years needed to retire and also caps the maximum benefit.

In the first year alone, it will save the city $900,000 and because of that, the city will set aside $525,000 dollars for the police department to give each officer a five percent bonus check.