This retreat Additional precisely amount to 299 000 euros gross per year under the new rules on supplementary pension schemes set up by PSA Peugeot Citroën in 2014.
This amount is also mentioned in the reference document 2014 PSA released in late March.
At the end of 2013, leaving the then troubled automotive group, Philippe Varin had to abandon yet € 21 million planned for his retirement hat, facing the avalanche criticism over the publication of this colossal sum.
Tower of sleight contractual
In fact, the former president the board of the group took advantage of the revision of the pension system cap its leaders since 1 January 2014, which reviewed the additional pension downwards. But to benefit from this new system, Philippe Varin had to display at least 5 years of seniority in the company, “ie, it (was) not leave Peugeot before June 1, 2014 to hit the jackpot,” Deontofi advance. com, then he has to officially leave the end presidency in March.
But his term ended March 31, 2014, when Carlos Tavares took over the presidency of the PSA. According Deontofi.com, “Peugeot So sign him a new contract for an assistance mission to the implementation of the agreements with the state and Dongfeng” Chinese group who entered the French capital since the year last.
The contract, actually evoked by the group at the time of the arrival of Carlos Tavares, took effect on 1 April and allowed Mr. Varin to complete the five years required to receive that Retirement hat
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