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IMF Changes Its Story on Amount of Strauss-Kahn's Pension

Dominique Strauss-Kahn in court.
CNBC
Dominique Strauss-Kahn in court.

The IMF said Friday it had put out incorrect information a day earlier about the pension benefits it will pay former managing director Dominique Strauss Kahn.

A spokesman for the international financial institution said Strauss Kahn is eligible for a one time pay-out of more than $250,000, and he is also eligible for payments from the Fund's standard staff pension.

On top of that, the spokesman said Friday, Strauss-Kahn will receive an annual bonus equal to 65 percent of his staff pension payout.

That is a significant change from a payout of 60 to 70 percent of his annual salary that the IMF described on Thursday, which it now says is not correct.

But just how much Strauss-Kahn will be paid in total under the revised scenario is unclear. For now, the IMF declines to reveal how much Strauss-Kahn's pension payout and annual bonus payout will be.

The IMF said that all of Strauss-Kahn's pension payouts are based on his contract with the institution which was signed when he took the managing director's job in 2007.

Strauss-Kahn's salary was $420,930 per year when he was hired, and he has been given annual cost of living increases since then.

An IMF spokesman apologized to CNBC for releasing inaccurate information on Thursday.

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