Gravy Train: Retired EU President Van Rompuy Gets A Whopping $600K+ Payoff – 3 December 2014

RT logoHerman van Rompuy, the former president of the European Council, is to get over £400,000 (over $620,000) of EU taxpayers’ money over the course of three years after his retirement, the UK’s Independent newspaper revealed.

Van Rompuy, 67, earlier was reported to receive 55 percent of his basic salary – £133,723 ($210,290) a year until December 2017, a special payment of £21,000 ($33,000) – and an annual pension of £52,000 ($81,700) for life.

However, an EU official later explained to The Independent that Van Rompuy would not receive his pension until he stopped receiving the three-year allowance. He added also, that there would be no one-off payment amounting to £21,000. The total sum of allowance will be £401,169 (over $620,000).

The tax rate imposed on it will be at the European Community tax rate, and not the rate in Rompuy’s homeland, Belgium, where the rate is higher.

Read the full story at: www.rt.com / link to original article

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