Some people have said he's taking the money and running; Phoenix City Manager David Cavazos has accepted a high-paying job in Santa Ana, CA, but he's taking a decent pension plan with him. And Wednesday, the mayor announced that he wants to prevent this from happening again.
Phoenix Mayor Greg Stanton has appointed Vice Mayor Bill Gates to chair the newly formed Pension Fairness and Spiking Elimination Ad Hoc Subcommittee.
"We must end the practice of pension spiking at the city of Phoenix," Gates said in a statement on Monday. "While I believe pension spiking should end immediately, we must analyze the possible ramifications - including legal challenges - of any actions we take with regard to pension spiking."
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