Saturday, May 21, 2011

Strauss-Kahn charged a compensation of 175,000 euros and a pension

The former managing director of International Monetary Fund (IMF), Dominique Strauss-Kahn, following his abrupt departure will receive agency compensation of $ 250,000 (about 175,000 euros), plus an unspecified annuity. The IMF confirmed that, as some media had previously reported financial statements, the former managing director shall receive a lump sum compensation of $ 250,000.

The agency also acknowledges that the French economist, accused of several counts of sexual assault and attempted rape, receive a pension, but refuses to mention the amount of financial resources, and place it between 250,000 and 320,000 per year (between 175,000 and 225,000 euros). The figures have given the media on the annual pension and other emoluments of the Managing Director "has been greatly overestimated, apparently because the media has taken" wrong as a basis for calculating the compensation at one time the amount of 250,000 dollars, "the IMF said in a statement.

"The annual pension charge (Strauss-Kahn) in the coming years will be far, far less than that figure," the agency said. Under the terms of the contract signed Dominique Strauss-Kahn when he joined the office in November 2007 and available on the agency website, the French economist is entitled to participate in pension plans of the IMF, as any employee who has worked there are at least three years.

The document also states that charge a "supplemental retirement" that will join the board, and according to an attached table will represent 60% of their earnings. ABC News Media as a reminder that his salary is $ 420,930 (296,000 euros) annually, which means that the supplement could charge would be about $ 252,000.

Others, like CNBC, estimate that in these three years his salary has increased by inflation to the annual $ 530,000 (372,000 euros), so that supplemental retirement could amount to some $ 318,000 (about 223,000 euros) a year. The contract sets out further that "if that (Strauss-Kahn) dies before his wife after leaving the Fund, the Fund shall pay to his wife throughout his life an additional payment of retirement." The contract does not contemplate the possibility that the collection of this supplement is suspended in any case, even assuming that the managing director is charged with a sexual offense, as has happened.

On the night of Wednesday, the IMF issued a statement Strauss-Kahn said in announcing his resignation and denied "with absolute firmness all allegations" that have been made against him.

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