Top Ten Pensions in London

July 9, 2012
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The Top 10 Pensions in London are worth over $42 Million in lifetime payouts.

City of London – Top 10 Pensions
Sunshine Estimated Pension
Salary Annual Life Time
1 - City Solicitor $172,710.70 $109,397.49  $  3,866,580.31
2 Chief Administrative Officer $254,647.06 $166,752.94     5,893,769.91
3 Deputy Chief of Police, Operations $171,305.10 $108,413.57     3,831,804.33
4 Director, Social & Community Support Services $159,397.20 $100,078.04     3,537,190.65
5 Managing Director, Corporate Assets $164,000.22 $103,300.15     3,651,073.95
6 Fire Chief $174,502.56 $110,651.79     3,910,912.70
7 Chief Human Resources Officer $172,710.72 $109,397.50     3,866,580.67
8 Executive Director, Planning, Environmental & Engineering Services $196,134.36 $125,794.05     4,446,105.64
9 Chief of Police $198,133.62 $127,193.53     4,495,569.31
10 Deputy Chief of Police, Support & Admin $176,011.42 $111,707.99     3,948,243.37
Total Top 10 pensions  $41,447,830.84
Note:
* These pensions are estimated on employee having full eligibility or taking advantage of buy back provisions.
* These pensions do not include the bridge benefit which is the same as CPP of $11,840.04 annually in 2012
* Pensions are based on working at current for 5 years
* We based life expectancy on age 85, the current life expectancy used by the CPP actuaries
* Pension values are indexed at 2%
* Pension are based on the current formula of a best-five years earnings
http://www.omers.com/pdf/NRA65_handbook_english.pdf
http://www.fin.gov.on.ca/en/publications/salarydisclosure/2012/

The numbers are generated from the City’s Sunshine List.

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