Frank Fairbanks is a thief.
Arizona pension payouts bolstered by Phoenix
The Arizona Republic, 11/16/10
Records obtained by The Arizona Republic while researching
public-pension practices show Fairbanks actually accepted raises and
bonuses, and received pay for unused vacation and sick leave, to earn
$1.3 million during his final three years before retiring Nov. 5, 2009. By significantly boosting his pay toward the end of his career,
Fairbanks spiked his annual pension from the City of Phoenix Employees'
Retirement Plan to $246,813 a year - the largest pension among all six
public-pension systems in Arizona. That pension amount is roughly
$47,000 more than the pension provided to every living former U.S.
president.
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