Im in 2 minds over this. His Pension clearly was linked to how the company did under his tenure, you an bet if it was a 20something Billion profit he'd be getting a damn site more!
Its £30K a month after deductions. What sort of lifestyle does he actually lead? That's more than the average wage! Whether the gment will pursue legal avenues to remove a lot of it remains to be seen
However, as Nick said at the top, Blair gets a nice pension as will Brown and they've pretty much duo-ed to kill the country by being slack twats. And I'd point that a lot of other compamies employees. (Normally anything with a Union) don't always give their best in exchange for a decent pension. As noted it's the amount of money that annoys people rather than what he did.
Question: Did Nick Leeson get a pension from Barings? realtively similar in that one mans actions/leadership directly led to a catastrophe.