PSPRS’ Smout Authorizes Illegal Raises And Gets A Raise

 

AZ Republic – On the same day that public-safety pension trust chairman Brian Tobin apologized and promised to rescind five controversial raises, now-departing administrator Jim Hacking gave a $7,178 raise to his deputy, records obtained by The Arizona Republic show.

Tobin on Wednesday said he was unaware of the latest raise. While Tobin said it did not require board approval — Hacking had the authority to grant it — he also said he was “trying to understand the timing.”

The raise to Public Safety Personnel Retirement System Deputy Administrator Jared Smout was given the day after Gov. Jan Brewer expressed outrage over the illegal raises at the trust.

Smout’s annual salary increased to $166,650.

http://www.azcentral.com/story/news/arizona/investigations/2014/07/17/arizona-state-pension-trust-grants-another-raise-amid-scrutiny/12769399/

Arizona pension trust grants another raise amid scrutiny

Craig Harris, The Republic | azcentral.com July 16, 2014

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