Usually, retirement payouts begin when you actually retire and leave the job market. But that is not the case with José Manuel Barroso, the former president of the European Union’s executive arm. He receives his pension, even though he has held at well-paid banking job since this summer.
The European Commission has told the Danish newspaper Politiken that Barroso asked for early retirement pension and that he is now receiving it. Since July, Barroso has been working as chairman of Goldman Sachs International.
According to EU rules, Mr. Barroso is entitled to a monthly payout of 7,000 euros, and he opted for that solution after he reached the required age of 60 years this spring.