GoldenCoffin is not a GoldenHandcuff you see in the media, unjustified salary packages offered to nonperforming senior managers in private firms.
A GoldenCoffin is a livable wage, cushioned by a modest superannuation (retirement) package, that are available to Government employees for supporting arcane policies.
These policies are there due to: 1) demand by taxpayers for underfunded government 2) requirements by public for government accountability, more so than private sector 3) expectation by taxpayers for government to undertake expensive (noncommercially viable) projects