Fire chief gets $162K a year [PSPRS] pension. But there’s more…

Arizona Republic –  January 31, 2014  by

Fire chief gets $162K a year pension. But there’s more…

Retiring Phoenix Fire Chief Bob Khan will be leaving his job next month with a six-figure annual pension plus at least one huge check.

Documents obtained by 12 News from pension officials  show Khan will receive a lifetime pension of more than $162,000 a year, not far off his salary of $188,188 a year.
He also gets a one-time, $587,000 payment under a special pension program for police and firefighters, known as DROP.

There’s more to come when Khan retires at the end of next month — he’ll get another check for unused vacation and sick days. That number won’t be calculated until Khan’s last day, Phoenix spokeswoman Toni Maccarone said..

The 54-year old Khan has been with the department for 32 years, the last eight as chief.

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