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December 5, 2006

POOR, POOR KOFI ANNAN will not only collect a life-time pension in excess of $12,000 a month, tax-free, but was also allowed to cash in a second pension valued at more than $1 million — also tax-free — when he became secretary-general in 1996.

Filed under: UN — limewoody @ 3:40 pm

For a start, the U.N.’s Kofi Annan will cash in with two pensions, tax free. He will not only collect a life-time pension in excess of $12,000 a month, tax-free, but was also allowed to cash in a second pension valued at more than $1 million — also tax-free — when he became secretary-general in 1996.

This, of course is in addition to Annan’s tax free salary, his $12,000 per month
UN paid `rent’ on billionaire George Soros’ estate, free medical and UN paid chauffer and limosine.

Annan has also made substantial money from speaking engagements and other “outside” activities. These include his share of a Nobel prize worth $100,000 and a $500,000 cash award for the Sayed Prize, donated by the ruler of Dubai. Just as a coincidence, the judges panel on that personal cash award included two senior members of Annan’s staff and one Achim Steiner – who Annan later appointed to a high paying position as director of the UN Environment Program. After several people – including US ambassador John Bolton – were rude enough to question the propriety of a UN Secretry General accepting a cash prize of this nature, Annan later announced he would turn the money over to U.N. relief in Sudan.

More:

http://joshuapundit.blogspot.com/2006/12/kofi-annans-retirement-package.html

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