PHOENIX - Phoenix city leaders voted Tuesday to not make any changes to public employee pensions.
City officials voted 5-4 against proposals to change public employee pensions to eliminate what some call "pension spiking."
'Spiking' refers to when city employees add additional forms of compensation to base salaries in an effort to boost their retirement. This could be turning unused vacation time into cash.
Critics of the practice believe its costing tax payers millions of dollars while others say its just a part of doing business.
Over one hundred people packed into City Hall Tuesday to voice their concerns both in favor of the proposed pension changes and those against it.
Currently the retirement plan is based upon the employee's last year of work.
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