19 Dec '12, 4pm

Mark Carney to be paid three times as much as Sir Mervyn King >Huge Costs of maintaining fiat  money!< #Bitcoin zero

By contrast, Sir Mervyn is paid £305,000 a year and receives health care worth around £3,000. He has voluntarily frozen his pay since 2010 and turned down a significant pay rise earlier in his term. Mr Carney’s £480,000 basic salary has been increased by £144,000 because he has chosen not to receive a pension for his work at the Bank. Sir Mervyn, by contrast, has amassed a pension that will pay him more than £200,000 a year Sir Mervyn's total pension pot is worth more than £5 million and the Bank has stopped making payments into it. In earlier years, his pension contributions meant his total compensation package was worth significantly more than £305,000. According to the Bank, if Mr Carney had been enrolled in the same -- now-closed -- generous pension scheme as Sir Mervyn, the cost to taxpayers would have exceeded his basic salary. The Canadian’s £250,000 annual housing ...

Full article: http://www.telegraph.co.uk/finance/economics/9756046/Mark...

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