A former coal miner who helped bring the world’s largest mining company to the brink of bankruptcy was working on a $1 million pension when he lost his job in January.
The company’s chief executive, Mike Vella, said he would be “shocked” if the pension was not paid by the end of the year, the Courier-Mail reported.
The Australian Securities and Investments Commission has ordered the company to repay $1.5 million to Mr Vella and his family, including the pension.
He is owed $1,300 in severance and $750 in severances, plus interest.
The pension is part of a total payout of more than $10 million the company has already been ordered to pay.
It’s not the first time the company’s board has been asked to pay the pension to its former chief executive.
In 2016, Mr Vello was asked to repay the pension by the company after he left, but the board refused.
The former chief was the last employee of the company, which collapsed in 2014.
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