Another $4.3 million coming his way when he reaches 60 years of age and retires.

"This one-off lump sum is based on the employee’s final ­average salary, multiplied by the years of service, multiplied by a defined benefit rate of 14.3 per cent."

http://www.news.com.au/finance/work/leaders/australia-post-ceo-will-get-43m-retirement-payout/news-s...