The issue of municipal pensions was a non-story in Phoenix until the last city manager retired with a very sweet deal. From the Laurie Roberts column in The Arizona Republic:
Fairbanks, Phoenix's resident poster child for pension reform, cashed in nearly $238,000 of unused sick leave and more than $87,000 in unused vacation to boost his final salary and thus his pension -- to about 137 percent of his annual base pay. In all, he managed to pull down $1.3 million during his final three years, resulting in a $246,813 pension and the distinction of being Arizona's biggest pork belly.
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