Live

Watch CBSN Live

Strauss-Khan IMF severance nearly $300K

Dominique Strauss-Kahn
This photo released on May 19, 2011 by the New York City Department of Corrections shows Dominique Strauss-Kahn, the former managing director of the International Monetary Fund. NYC Dept. of Corrections

The International Monetary Fund has confirmed to CBS News that former chief and accused rapist Dominique Strauss-Kahn will receive a one-time severance payment of $287,287 -- 65 percent of his annual salary of $441,980.

From that point forward it estimated that Strauss-Kahn will receive 11 percent of his former salary each year -- a pension payment of $48,617 annually.

However, IMF representatives stress that that figure is only an estimate and are working to identify the exact amount Strauss-Kahn will receive.

Strauss-Kahn resigned from the IMF Wednesday while being held at New York's Rikers Island correctional facility after allegedly sexually assaulting a chambermaid at a Manhattan hotel. He was indicted on the charges Thursday and was granted $1 million bail on the condition he a strictly monitored home confinement. He has proclaimed his innocence and attorneys say he will plead not guilty to all charges.

Office romance, sexual harassment rife at IMF

View CBS News In
CBS News App Open
Chrome Safari Continue