Former Enron Workers Get $29m

Under the terms of the agreement, around 4,200 former Enron employees will receive up to $13,500, based on their length of service and final salary at the firm.

The arrangement will still need to be sanctioned by the U.S. Bankruptcy Court of Southern California, but this should be a formality.

Dennis Vegas, former vice president of marketing at Enron said: 'We're delighted.......This will provide valuable resources to families that are hurting.'

Prior to the current agreement severance pay to employees was capped at $4,500 per worker.