Retirement Benefits: David Peterson

David Peterson: The committee said Friday that Ian Troop will get a cash payment of $478,200 plus $27,300 in retirement benefits, $10,000 in "outplacement payments," $3,500 in legal fees and medical benefits of $15,800, according to CTV. Pan Am board chair David Peterson said the severance package would not add to the budget for the Games, which he put at $1.4 billion, even though officials admit it's closer to $2.5 billion when the cost of building the athletes' village is included and - The decision to fire the head of the Toronto 2015 Pan Am Games organizing committee last month will cost Ontario taxpayers more than half a million dollars. "We have reached a severance agreement with Mr. Troop that satisfies both parties," said TO2015 spokesman Courtney Pratt in a statement. (www.immigrantscanada.com). As reported in the news.