Indonesian medallists to get cash for life
Published on: Friday, June 24, 2016
JAKARTA: Indonesia promised Thursday large cash payments and generous lifetime pensions to their Olympic athletes if they make the podium, in a bid to boost their medal count in Rio.The sports and youth ministry said Thursday athletes who win gold at the Rio Games in August will be granted a one-off payment of 5 billion Indonesian rupiah (US$377,500) and a lifetime pension of around $1,500 a month.Athletes who win silver and bronze will also be rewarded, albeit with lesser payments of around $150,000 and $75,000 respectively, plus a smaller pension.
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The cash prize for gold is five times the amount promised to athletes in past Olympic meets, while pensions have been added for the first time to sweeten the deal.Minimum wages in the capital Jakarta are around $235 per month, but in remote provinces many still live on less than $2 per day. – AFP