Mark Byford's pension 'biggest ever in public sector'

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The BBC’s head of journalism Mark Byford has a pension pot of £3.4m, one of the biggest ever seen in the public sector – according to the Sunday Times (paywall protected).

It reported yesterday that the 52-year-old deputy director general of the BBC is set to receive a pension of £400,000 a year when he retires, an annuity which would cost £7m in the private sector. Byford received pay and perks of £488,000 last year.

Culture secretary Jeremy Hunt condemned “extraordinary and outrageous” waste at the BBC in an interview with the Daily Telegraph in which he suggested that the licence fee could be cut.

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