A former Los Angeles assistant fire chief was paid $1.4 million last year, according to data released by Transparent California.
The assistant fire chief, Donald Frazeur, was paid a lump sum of $1,171,994 in addition to his normal $212,730 annual pension because he took advantage of the controversial Deferred Retirement Option Plan (DROP).
DROP allows public safety employees to earn a salary and a pension at the same time for up to five years. During those years, pension payments are put into an account where they collect interest. Once the employee retires, the money can be withdrawn all at once or rolled over into an annuity. (Source: Los Angeles Daily News, April 5.)