The largest 100 CEO retirement funds are equal to the retirement account savings of 41 per cent of U.S. families, or more than 116 million people, according to a new study. More than half of Fortune 500 CEOs receive a company-sponsored pension, and nearly three quarters have tax-deferred compensation accounts, the Center for Effective Government and Institute for Policy Studies found. The largest 100 retirement funds were worth a combined $4.9-billion (U.S.) at the end of 2014.
10 largest CEO retirement funds
CEO in 2014 | Corporation | Total retirement assets | Monthly retirement cheque |
---|---|---|---|
David C. Novak | YUM Brands | $234,210,564 | $1,318,605 |
Richard B. Handler | Leucadia National | $201,349,976 | $1,133,600 |
David M. Cote | Honeywell | $168,434,646 | $948,287 |
Glenn M. Renwick | Progressive | $150,313,667 | $846,266 |
John H. Hammergren | McKesson | $145,513,853 | $819,243 |
Larry J. Merlo | CVS Health | $126,953,058 | $714,746 |
Michael F. Neidorff | Centene | $110,078,703 | $619,743 |
Brian L. Roberts | Comcast | $96,641,079 | $544,089 |
John Strangfeld | Prudential Financial | $85,134,431 | $479,307 |
John D. Finnegan | Chubb | $83,191,909 | $468,370 |