The retirement payout ranges from 60 percent of an executive's pre-retirement pay after 30 years down to 25 percent for an executive with 15 years.

All the while, his retirement payout will continue to grow as though he were still earning his full salary.

In October 2001, milwaukeeworld.com, a local news site, described how elected officials were qualifying for million-dollar retirement payouts.

Accrued sick leave accounts for a portion of retirement payouts.

The plan would increase Mr. Smith's annual retirement payout to about $1.25 million, from the current $700,000.

This is your retirement payout, and it finishes us free and clear.

Reno pilots earn roughly half what their counterparts at American are paid, about $150,000 a year on average plus a generous retirement payout.

Most local governments have refused to follow the state's example in capping the retirement payouts for unused sick and vacation time.

When he retired in 2000, McCarthy took his retirement payout as a lump sum.

Rising fuel prices, a weak yen and an expensive retirement payout are other negative factors.