{"id":121127,"date":"2021-12-29T11:15:15","date_gmt":"2021-12-29T16:15:15","guid":{"rendered":"https:\/\/valorguardians.com\/blog\/?p=121127"},"modified":"2021-12-29T10:25:05","modified_gmt":"2021-12-29T15:25:05","slug":"anthony-faucis-estimated-annual-retirement-income-could-exceed-350000","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=121127","title":{"rendered":"Anthony Fauci’s estimated annual retirement income could exceed $350,000"},"content":{"rendered":"

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This is what is being estimated by OpenTheBooks.com. Whatever retirement package Fauci receives, it would go up with cost-of-living adjustments during the following years. In 2019, he earned $417,608, and in 2020, he earned $434,312.<\/p>\n

From Forbes:<\/span><\/strong><\/p>\n

Federal employees with Fauci’s length of service can retire to earn “80 percent of [their] high-3 average salary, plus credit for [their] sick leave,” according to the U.S. Office of Personnel Management.<\/p>\n

In November, we filed a federal Freedom of Information Act (FOIA) lawsuit to determine Dr. Fauci’s currently unpublished 2021 salary, job description, royalties, conflict of interest and financial disclosures, and employment contract. The case moved quickly and the federal judge ordered production starting on February 1, 2022.<\/p>\n

So, at this point, we can use only the last three published years of his salary — 2018: $399,625; 2019: $417,608; and 2020: $434,312 — to calculate his potential retirement earnings.<\/p>\n

Dr. Fauci earned a total of $1.252 million from 2018-2020 in salary as a federal employee.<\/p>\n

If he’d left federal service at the end of FY2020, figuring 80% of his highest three-year average, would mean a federal pension of $333,745 a year, plus cost-of-living increases (($1,251,545\/3) x 80% = $333,745).<\/p>\n

However, Fauci’s unpublished FY2021 and FY2022 salaries are likely commensurate, if not higher than his 2020 salary. Therefore, his retirement pay would be closer to $347,500 a year. (($1,302,936\/3) x 80%).<\/p>\n

(We requested both Dr. Fauci’s FY2021 and FY2022 salaries — fiscal years that start on October 1 respectively. We will update the column if NIH responds to our comment request.)<\/p>\n

Additionally, Dr. Fauci is likely eligible for an annuity, paid out by the federal government. After serving 10 years, federal employees are eligible for “2 percent of [their] high-3 average salary for each year.” Dr. Fauci has more than surpassed the 10-year-minimum work requirement, and if he retired last year he could have drawn down at least an extra $8,344 a year (($1,251,545\/3) x 2% = $8,344). If he leaves at the end of this month, that figure is likely closer to $8,575 a year in annuity payments, assuming his salary did not go down in 2021.<\/p><\/blockquote>\n

Forbes has a more detailed presentation at this link<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

This is what is being estimated by OpenTheBooks.com. Whatever retirement package Fauci receives, it would go … Anthony Fauci’s estimated annual retirement income could exceed $350,000<\/span>Read more<\/a><\/p>\n","protected":false},"author":661,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-121127","post","type-post","status-publish","format-standard","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/121127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/661"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=121127"}],"version-history":[{"count":2,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/121127\/revisions"}],"predecessor-version":[{"id":121145,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/121127\/revisions\/121145"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=121127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=121127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=121127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}