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Prudential Financial Inc.’s John Strangfeld. Photo: AP
(Bloomberg) – Pensions are helping to fuel a jump in average chief executive officer pay — and the reason is largely out of companies’ control.

Standard & Poor’s 500 Index companies that have filed proxy statements for fiscal 2014 contributed an average $1.5 million to their CEOs’ pensions, compared to an average of about $550,000 in 2013, according to summary compensation table data compiled by Bloomberg. Pensions comprised about 11 percent of total CEO pay at those companies, compared to 4 percent in 2013.

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