London Olympics bosses received ?2.8million in pay-offs despite knowing their jobs would end after the 2012 Games.
All 144 people who left the Olympic Delivery Authority last year received redundancy pay as the agency is being wound down.
Four executives received ?261,000 in exit payments after leaving within months of the closing ceremony last summer.
In response to questions about the use of public money for the redundancy pay-outs, the ODA said the payments were necessary as senior staff had given up secure long-term jobs elsewhere to organise London 2012.
Chief executive Dennis Hone was paid ?80,000 plus ?373,000 for his pension, when he was made redundant in March, the agency?s financial figures show.
The annual reports and accounts note that Mr Hone was entitled to receive statutory redundancy pay and a terminal bonus equivalent to 60 per cent of his salary as part of his employment rights.
It said: ?The remuneration committee decided to award a terminal bonus of 49 per cent of his salary and to defer 50 per cent of the bonus until the successful completion of the sale of East Village to QDD.?
Mr Hone was hired shortly after his redundancy as chief executive of the London Legacy Development Corporation.
The ODA?s director of transport, Hugh Sumner, received ?73,000 in exit payments, while director of venues and infrastructure Simon Wright was paid ?72,000.
An ODA spokesman said London 2012 had been a ?unique and challenging project and a great British success story?.
He said: ?We needed to recruit and pay for the best talent from the private and public sectors, requiring people in many cases to give up secure long-term jobs elsewhere, with no certainty of the project?s success or getting a?job after the Games.
?The exit payments for staff other than Dennis Hone comprise only ? and are limited to ? statutory redundancy pay, any leave they were unable to take before their employment ended, and, where appropriate, payment in lieu of notice.
?Like other staff, Dennis Hone received performance-related pay, but this was far from guaranteed and was measured against tough performance criteria.?
A spokesman added that the staff were employed on permanent contracts because it was not known for how long after the Games their services would be needed ? and so a fixed-term contract could not be issued.
The ODA will be wound up in 2014.
On Friday, a report for the UK Trade and Investment department suggested the Olympics resulted in a ?9.9billion boost for the economy.
Source: http://metro.co.uk/2013/07/22/2-8million-golden-goodbyes-for-london-2012-olympics-bosses-3893310/
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