Company executives are receiving huge pension payouts while schemes for workers continue to be cut, states a report published today.
The Yorkshire post reported that bosses in the UK's top firms retire on at least 71 times the basic state pension for a married couple and can usually stop work at 60, researchers found.
A total of 112 company directors are currently entitled to a pension worth at least £200,000 a year, while 27 are in line for at least £500,000, said the Labour Research Department.
More than three-quarters of firms in the FTSE 100 still have final salary pension schemes for their directors, when companies across the country are closing similar schemes for workers.
Researcher Neil Moister said: "It is very hypocritical for so many senior business figures to advocate pushing the state pension age up and up while they negotiate a completely different set of rules for themselves.
"Many low-paid workers will have to work for many more years to receive a basic pension, while FTSE 100 directors can look forward to a luxury retirement from the age of 60, if not younger."
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