Anthony Fauci to receive biggest retirement package in U.S. government history
Anthony Fauci is likely to rake in the highest government pension plan in US history, with an annual payout of over $ 350,000 (£ 259,000).
Dr Fauci, who turned 81 on Christmas Eve and is President Joe Biden’s chief medical adviser, will see his pension and benefits continue to increase thanks to annual cost-of-living adjustments, Forbes reported.
The Top Infectious Disease Expert has had a 55-year career in the US government and is one of the highest paid federal employees. He is also director of the National Institute of Allergies and Infectious Diseases.
He was paid $ 434,312 (322,309) in 2020, a 4% increase from his 2019 salary of 417,608 (£ 309,913).
In January 2000, Dr. Fauci was appointed to the Ready Reserve Corps, a corps of “officers on extended, full-time active duty”.
His salary, however, is said to have received an increase thanks to a “permanent salary adjustment” in 2004 under the administration of George W Bush.
According to the United States Office of Personnel Management, government employees whose service is equivalent to that of Dr. Fauci can retire to earn 80% of their average salary over 3 with sick leave credit.
Dr Fauci is also likely eligible for an annuity, which is paid by the federal government to employees who have been in service for 10 years. Employees are entitled to “2% of the average salary raised to 3” [highest average basic pay earned during any three consecutive years of service] for each year “.
“If he had left the federal public service at the end of the 2020 fiscal year, that is to say 80 [per cent] of its highest three-year average, would translate into a federal pension of $ 333,745 per year, plus increases in the cost of living, ” Forbes estimated, using the last three years of Dr. Fauci’s salary.
His salaries in 2021 and 2022 are expected to be the same or even higher than in previous years.
However, Dr Fauci does not appear to be planning to retire any time soon.
“There’s no way I’m going to get away from this until we get the situation under control. I mean, that’s the point of what we do. It’s – it’s our mission in life. In the middle of this, I’m not going to go away, ”he told ABC News.