A Colorado Springs police sergeant who was charged with felony theft and forgery has submitted his retirement papers, the department said in a Thursday news release.

James Butierres, who is accused of filing phony time sheets that were billed against a grant fund, will retire on Friday, the department said.

Butierres oversaw the police department's Motor Vehicle Theft Unit and the unit's grant funds before his April 25 arrest. Court documents say that the sergeant admitted on April 23 that he had 'submitted time worked for hours that he had not actually worked. '

The allegations, though, apparently won't prevent decorated 30-year-veteran from retiring with pay.

'The city has no reason to believe James Butierres would not be eligible for retirement pay, however this question is best answered by the Fire and Police Pension Association (FPPA) since they mange the pension plan, ' the city said in a statement.