Monday, 16 July 2012

Why is the French model working

Because Dave Brennan of Astra Zeneca retires at 58.  Yes, that is below 60 but not by much.  So it IS possible for men to retire before 60 if they worked for the same company for 36 years and saved carefully into a pension pot some $20 something million. 

As Dave's ejection bonus was some $2.5m we can infere the UK government shall stipulate in the pension reform legislation that the employer must award any employee serving at least 36 years in the company a bulk pay of at least 12% of the pension pot.

How does that sound?

In any case, Hollande may not be that wrong.

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