Russian government commission approves bill on severage pay for top managers

The Russian government commission for legislature has approved the bill limiting severage pay for top managers of organizations with over 50% of state-owned shares, ITAR-TASS reports.

The problem was raised at a conference of the All-Russian People’s Front in Rostov-on-Don on March 29. President Vladimir Putin attended the meeting. The idea to limit severage pay for high-ranking officials was provoked by reports about Alexander Provotorov, ex-head of Rostelecom, who received over 200 million rubles when he was fired.