Additional estimates showed that wage paying schemes – even in the years after participation was completed – considerably raised annual earnings and reduced former participants' dependence on welfare.
Seventy-five of those contacted do charge and three do not offer a collection service although one, Bassetlaw District Council, in Nottinghamshire, is considering introducing a paid scheme.
By creating an "off-the-books" pay scheme, he "caused a number of false filings to occur" with the IRS, the indictment alleged.
In the long term they need to ensure that bosses' pay schemes are designed in a way that does not create a perverse incentive to repurchase stock.
It also told companies to explain properly why the amount paid to the chief executive was justified each year instead of referring to pay schemes set down beforehand.
Luckily, the internet has come to the rescue with sites like Ratemyplacement.co.uk which help direct people to the best, peer reviewed, paid schemes.
Most pay schemes for FTSE 100 executives are currently based on awards of shares or options that are linked to performance criteria over three to five years.
Some companies have specific (paid) schemes for interns with a formal application process, including EY (formerly Ernst and Young), Channel 4, L'Oreal and Microsoft.
Until September, responsibility for paying the scheme's 660,000 pensioners remained with private company Capita.
At Evolution 27% of shareholders registered their disapproval of an executive pay scheme.
