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Correction and Update: According to an IMF spokesperson, as communicated to CNBC, Dominique Strauss-Kahn will receive a one-time $250, 000 payout from the IMF as well as a defined benefit annual pension and bonus in the form of an undisclosed amount. The original version of this article, published on May 19, 2011, stated that Strauss-Kahn would receive a $250, 000 annual pension. On August 23, 2011, a Manhattan judge dismissed the charges against Strauss-Kahn.



) -- Dominique Strauss-Kahn, the former IMF director

charged with seven counts of sex-related offenses

against a hotel maid, will receive a guaranteed lump sum payout of $250,000.

The retirement benefit, according to

, is contractually

guaranteed by the International Monetary Fund

, but who funds the IMF?

Well, we do.

Dominique Strauss-Kahn will collect a check from the U.S. taxpayer for the rest of his life.


IMF is largely funded by its member countries

, and the U.S. is the largest member, (

holding an approximate 17% stake in the organization

). That means that the U.S. taxpayer is on the hook for $42,500 of Dominique Strauss-Kahn's golden parachute -- and 17% of an undisclosed amount for the rest of the financier's life.

The average U.S. worker earns $32, 048 a year


But what's truly infuriating is that the IMF -- a collection of bankers who make loans with other people's money --

has little accountability or track record of success

, yet

lives high on the hog while imposing austerity on some of the poorest nations in the world



U.S. taxpayer is broke

, pockets plundered by our own

greedy bankers


two-faced politicians

. We shouldn't be funding the world's greedy bankers and two-faced politicians.

-- Written by John DeFeo in New York City

Follow @johndefeo

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.