Boeing CEO Set to Receive $3.9 Million Per Year in Retirement

Boeing Co. Chief Executive Officer James McNerney could pocket at least $3.9 million in pension benefits annually for 15 years after he retires in 2016.

McNerney, who’s stepping down as CEO July 1, will be able to collect about $900,000 a year from two company-sponsored pension plans, according Chicago-based Boeing’s March 13 proxy filing. He’ll also receive $3 million in each of the next 15 years from a separate retirement benefit the company gave him to offset forfeited pension payments from his two most recent employers, 3M Co. and General Electric Co.