Talking head of the war on pandemic: Dr. Fauci's income breaks records among US civil servants - ForumDaily
The article has been automatically translated into English by Google Translate from Russian and has not been edited.
Переклад цього матеріалу українською мовою з російської було автоматично здійснено сервісом Google Translate, без подальшого редагування тексту.
Bu məqalə Google Translate servisi vasitəsi ilə avtomatik olaraq rus dilindən azərbaycan dilinə tərcümə olunmuşdur. Bundan sonra mətn redaktə edilməmişdir.

Pandemic War Talking Head: Dr. Fauci's Earnings Set Records Among US Civil Servants

On Christmas Eve, Dr. Anthony Fauci turned 81. However, he is not yet retiring. If he did, Fauci would receive the largest federal pension package in US history. Forbes.

Photo: Shutterstock

According to auditors, Dr. Fauci's annual retirement will exceed $ 350. After that, his pension and benefits will continue to rise through annual cost-of-living adjustments. Fauci has 000 years of service as a federal employee.

For the second consecutive year, Fauci was the highest paid federal employee, surpassing even the president, four generals, and roughly 4,3 million of his peers. As director of the National Institute of Allergy and Infectious Diseases (NIAID), Fauci earned $ 434312 in 2020 (latest available information), up from $ 417 in 608.

Fauci is currently the President's Chief Medical Advisor. However, his significant wage increases came in 2004 under the George W. Bush administration, when Fauci received a "permanent wage adjustment" for his biosecurity work. In January 2000, Fauci was also appointed to Ready reserve corps, a corps of "officers on full-time active duty".

$ 340000- $ 350000 annually in federal retirement benefits

Fauci's senior federal employees can retire with "80 percent of their high average salary, plus a loan for their sick leave," according to the US Human Resources Office.

At the moment, only the last three published years of his salary are known - 2018: $399; 625: US$2019; and in 417: $608 - to calculate his potential retirement income.

Dr. Fauci earned a total of $ 1,252 million between 2018 and 2020 as a federal employee.

Had he retired from federal service at the end of fiscal 2020, earning 80% of his highest average in three years, that would mean a federal pension of $ 333 per year, plus a rise in the cost of living of $ 745.

However, Fauci's unpublished salaries for fiscal 2021 and 2022 are likely commensurate, if not higher, than his 2020 salary. Consequently, his pension will be closer to $ 347 per year.

Additionally, Dr. Fauci is likely eligible for an annual payment from the federal government. After 10 years of service, federal employees are entitled to "2 percent of their average salary for each year." Dr. Fauci has more than exceeded the minimum 10-year job requirement, and if he had retired last year, he could have earned at least an additional $ 8 per year. If he leaves at the end of this month, that figure is likely to approach $ 344 a year in annual payments, assuming his salary does not drop in 8.

On the subject: Six products that will rise in prices in 2022

While federal benefit calculations are profitable for someone long-serving Fauci, there is a potential interesting twist ...

Dr. Fauci was assigned to the Ready Reserve Corps in 2000. The United States Code contains several different retirement calculations for Corps officers. The retirement pay for officers in the corps includes a calculation of the best 36 months (compared to the three highest years of the CSRS), which may or may not matter if we assume that Fauci's seniority as a federal employee qualifies him for retirement under this system.

Following the passage of the Affordable Care Act and subsequent authorizing provisions in the CARES Act, the Reserve Corps was transformed into the current US Public Health Service Ready Reserve Corps, in which Fauci is believed to continue to serve. Its group of reserve officers performing other functions is periodically subject to a mandatory additional call to replenish the existing staff for emergency public health missions.

But ... Fauci has no plans to retire

Jonathan Karl of ABC recently asked Dr. Fauci, "Why not retire?"

“There's no way I'm leaving until we get everything under control. I mean, that's the purpose of what we do. This is our mission in life. In the middle of all this, I won't leave. You know, we're at war, John. It's like we're halfway through World War II and you decide, well, I think I've had enough of this. I'm leaving. You can't do this. We have to finish this - and we're going to finish it and get back to normal," Fauci responded.

This echoes what he told reporters last month.

“I head an institute that actually played a major role in the development of vaccines that have saved millions of lives from COVID-19,” he said in an interview. “I am the director of an institute that now plays a very important role in basic research to create drugs that are now will be important for the treatment of COVID-19. This is what I do. So, I will continue to do this until this COVID-19 outbreak appears in the rear view mirror, no matter what anyone says about me or wants to lie and create crazy fabrications according to political motives."

Why the largest federal salary of all?

The documents show that in December 2004, Dr. Fauci was approved for "permanent salary adjustments" over and above his regular salary in order to "adequately compensate him for a level of responsibility ... especially with regard to his work in biosecurity research."

From 2004 to 2007, Fauci's salary increased 68 percent from $ 200 to $ 000 a year. This award was perpetual and lasted until 335.

You may be interested in: top New York news, stories of our immigrants and helpful tips about life in the Big Apple - read it all on ForumDaily New York.

Dr. Fauci has worked for nearly 55 years and is one of the longest serving federal employees. Dr. Fauci first joined the NIH in 1966 as part of an internal research program known as the Yellow Berets. In 1970, he left for a year and a half to work as chief resident at the Cornell Medical Center at New York Hospital. In 1971, he returned to the NIH as a Senior Investigator in the Clinical Research Laboratory. In 1984, Fauci was named director of the NIAID and has remained in this position ever since.

Fauci's legacy

Few can say with certainty that someone who has worked in the federal service for about 55 years is “doing it for the money,” although Dr. Fauci's highest salary in government will not be an obstacle to his tenure.

Read also on ForumDaily:

In Europe, they began to microchip vaccinated against coronavirus: scientists say that this is the future

Winter storm in Washington leads to 5 deaths, traffic stops and power outages

A woman gave birth to a baby in an airplane toilet and threw it into the trash

Miscellanea In the U.S. Fauci retirement record state employee
Subscribe to ForumDaily on Google News

Do you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram  and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis. 



 
1080 requests in 1,139 seconds.