Prudential executives said they thought the payments would not exceed $50 million.
According to the charges, the payments far exceeded that amount.
While civil servants retire at full salary, payments to private sector workers cannot exceed $1,100 a month.
However, the annual payment of $250,000 in gold coin would have eventually exceeded the $40 million.
Total payments will exceed $20 billion over 33 years.
Tweedy, Browne said those payments had exceeded $200 million since 1995.
The payment in kind should not exceed forty per cent of the total amount paid out to the employee.
The combined payments would, however, exceed the denomination of the original certificate.
The new law requires only annual filing when payments exceed $1,000 for the year.
You might ask, say, that the phone bill be paid on the 28th of the month and that the payment not exceed $90.