City Hall

Phoenix Council Subcommittee Recommends Ways to Eliminate Pension Spiking

Phoenix officials this week wrapped up the last in a series of four public meetings to gather input on how to fairly eliminate the bank-breaking practice of pension spiking.

The City Council Pension Fairness and Spiking Elimination Ad Hoc Subcommittee unanimously recommended preventing employees from using the following streams of revenue to bolster pension payouts: communication and transportation allowances, retirement contribution reimbursement, Public Safety Enhanced Regular Compensation payments (which includes money for uniform allowances), and future payouts for unused sick time and vacation leave.

See also: -Stanton Won't Approve Contract for Next City Manager Allowing Pension Spiking -Phoenix Voters Adopt Pension Changes Expected to Save Nearly $600 Million Councilman Bill Gates, who chaired the subcommittee, said in a statement that he believed the city "should go further and exclude previously accrued sick time and vacation leave from pension calculations."

The subcommittee, formed by Mayor Greg Stanton on September 9, included council members Tom Simplot, Thelda Williams, and Daniel Valenzuela. The recommendation will be considered by the full council at 2:30 p.m. on October 22 at the Phoenix City Council Chambers, 200 West Jefferson Street.

For detailed list of Phoenix efforts on pension reform, and to watch videos of the related public meetings, click here.

KEEP PHOENIX NEW TIMES FREE... Since we started Phoenix New Times, it has been defined as the free, independent voice of Phoenix, and we'd like to keep it that way. With local media under siege, it's more important than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" program, allowing us to keep offering readers access to our incisive coverage of local news, food and culture with no paywalls.
Monica Alonzo
Contact: Monica Alonzo