The Highest-Paid Federal Employee: Inside Fauci’s Staggering Financial Compensation
When Dr. Anthony Fauci retires from his job as director of the National Institute of Allergy and Infectious Diseases at the National Institutes of Health, he will make at least $350,000 per year.
Fauci, 81, was eligible for retirement in 2005, but he stayed at his post, which now pays him $434,312 annually — the highest of any federal employee, including the president. The doctor out-earned the president for the second year in a row.
His staggering pension will be the largest in U.S. history. Open the Books calculated his retirement earnings at 80% of his highest three-year average plus cost of living increases.
Fauci recently told ABC’s Jonathan Karl he has no plans to retire.
“There’s no way I’m going to walk away from this until we get this under control. I mean, that’s the purpose of what we do. That’s our mission in life. In the middle of it, I’m not going to walk away,” Fauci said. “It’s kind of like we’re halfway through World War II and you decide, ‘Well, I think I’ve had enough of this. I’m walking away.'”
Fauci’s inevitable retirement earnings are a sharp contrast to the 1 in 4 Americans who have no retirement savings. According to Yahoo News, the median retirement balance for people ages 55 to 64 is $120,000, which would only yield $1,000 a month in their retirement years.