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Mr. Diskin's retirement allowance is based on his final year's salary, and he was allowed to make large pension contributions for the first 20 years, Mr. Aaronson said.
The new law would also stop employees from loading up on overtime and other payments in their final working years to increase their retirement allowance.
A Seoul district court subsequently reviewed Chung's 1980 conviction and exonerated him in 1997, restoring his status as a general, his retirement allowance, and his military pension.
When it is not feasible to offer a retirement plan in a country, a monthly retirement allowance is provided in lieu of a formal retirement savings plan.
The clients included two pension funds for municipal transit workers -- the Birmingham Amalgamated Transit Authority Local 725 in Alabama and the Old Dominion Transit Employees Disability and Retirement Allowance Plan in Virginia.
Decided to forgo $10 million retirement allowance, asking it be included in group profits; donated $60 million to Kyoto hospital that has been caring for him.
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In addition, virtually all Japanese employers provide lump-sum retirement allowances to their workers.
Next year, the government plans to cut some civil service pay and retirement allowances.
In a rare move for a Japanese company, the Sony Corporation said that it would disclose data on salaries and retirement allowances paid to its board members.
Mazda said it would incur an extraordinary loss of 34 billion yen ($293.5 million) in the year to March to pay for early retirement allowances.
The Greek concessions were also said to include new taxes, the elimination of early retirement allowances and a levy on companies.
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