Posted on 01/05/2026 3:28:36 AM PST by Libloather
Former President Joe Biden’s long career in politics allowed him to retire with the largest taxpayer-funded pension of any ex-prez in US history — $417,000, or more than his presidential salary, an expert says.
Biden, 83, was in line to rake in the massive amount from two pension funds in his first year as former president, according to an analysis by National Taxpayer Union Foundation Vice President Demian Brady.
“It’s pretty unusual, historically unusual, to have such a large pension amount,” Brady told The Post.
“I would have to say that it’s the largest,” the taxpayer advocate said when asked to compare Biden’s pension to his predecessors.
The hefty estimated annual sum is double what Biden’s former boss, Barack Obama, has received in retirement pay after leaving the White House and $17,000 more than Biden’s $400,000-per-year presidential salary.
It also reflects Biden’s “unique situation” as a former senator, vice president and president, a career path that has allowed him to take advantage of a “loophole” letting him tap into multiple taxpayer-backed retirement funds, Brady said.
Biden, who once described himself as “one of the poorest members” of Congress, is able to collect the lucrative payouts by double-dipping in benefits established under the Former Presidents Act of 1958 as well as the Civil Service Retirement System for ex-senators.
(Excerpt) Read more at nypost.com ...
Biden and his relatives are truly 100% scum. The worst detritus of our society. Tells you all you need to know about the Democrats.
Maybe Hunter gets to cash the big guys check for him. The Sniffer Twins.
Biden’s elected positions.....”a former senator, VP, and president” ....... is a lucrative career path allowing him to take advantage of a “loophole” letting him tap into multiple tax dollar-backed retirement funds.
Biden once described himself as “one of the poorest members”
of Congress, is able to collect lucrative tax dollar payouts:
<><>by “double-dipping” tax dollars
<><>in tax dollar benefits established under the “Former Presidents Act of 1958”
<><>and tax dollars in the “Civil Service Retirement System” for ex-US senators.
And don’t forget Quisling Puppet Biden showering with his 11 year old daughter and Hunter molesting his 14 year old niece.
They are the most slime scumbags to ever walk the earth, And still have not been punished for all their hundreds of crimes. Corn Pop, in particular should be roasting on a spit, like in the film “The Naked Prey” where the African savages tie-up a man on a large wooden pole and proceed to Rotisserie his flesh while still alive.
Backstory—— 51-year officeholder Joe Biden to pocket hefty $413,000 Dual Govt Pension Payout
by Demian Brady July 18, 2024, newsbusters.org
Due to the two separate federal pension programs that President Joe Biden is eligible for, he stands to collect taxpayer-funded retirement benefits worth $413,000 following the end of his tenure. Presidents are paid an annual salary of $400,000.
Upon leaving the White House, presidents have generally been financially well-off and are afforded numerous opportunities for lucrative book deals, speeches, or other money-making endeavors. Regardless of the net worth of former presidents, they are entitled to an annual pension equivalent to the salary of a cabinet secretary, currently $246,400 in 2024 and often adjusted annually.
There is also a completely separate pension program available for members of Congress. President Joe Biden previously served in the Senate for 36 years and another eight years as Vice President, a role which serves as presiding officer in the Senate, making him eligible for a starting pension worth $166,374.
Biden is eligible to collect both pensions, for a combined payout that could start at $412,774, before any 2025 adjustment of the presidential pension (which won’t be known until late December).
Congressional Pension
First established in 1946, the congressional pension benefit is determined by tenure in office, other federal service except for the presidency, age at retirement, and the average salary upon leaving Congress.
Members elected before 1984 are eligible to participate in the Civil Service Retirement System (CSRS) which offers a generous 2.5 percent accrual rate. The starting pension amount is determined by multiplying the number of years in office by the average of the three highest years of salary, multiplied by 2.5 percent. The starting benefit cannot exceed 80 percent of the final salary. There is also a formula reserving a portion of the benefit for a spouse. After a former member begins collecting the pension, the annual amount can be increased through cost of living adjustments.
Biden served in the Senate from 1973 to 2009 and then spent eight years as Vice President for a combined tenure of 44 years. His highest three years of salary were as Vice President. As an exception to adjustments for federal salaries noted above, from 2014 to 2018 Congress froze the Vice President’s salary at $230,700.
Without the cap on the amount of the starting pension, Biden’s total pension would have been over $254,000. With the cap based on his final salary, Biden’s starting pension could be as much as $166,374, including an $18,186 set aside in the program for the spousal portion of benefit. This estimate assumes that Biden sought to maximize the amount of the pension benefit.
A less generous pension program, the Federal Employees’ Retirement System (FERS), went into effect in 1987 for members elected starting in 1984. The formula is generally the same as above, except that the accrual rate is 1.7 percent for the first 20 years of service and remaining years accrue at 1.0 percent, and there is no 80 percent cap based on salary.
Members who were in CSRS had an opportunity to switch to FERS. For those who switch, the CSRS formula applies for years in office through 1986, the FERS formula applies for the remaining years, and these amounts are added together to determine the starting pension amount.
If Biden opted-in to FERS his starting benefit would be $164,401 (and $17,967 for the spousal annuity reduction portion), just slightly smaller than the full amount under CSRS and the cap.
Presidential Pension
Benefits for former presidents are established in the Former Presidents Act of 1958 (FPA), a law enacted because of public concern about Harry Truman’s financial position upon leaving the White House five years earlier. For all former presidents, the FPA provided an office allowance and a pension equal to the yearly salary of the head of an executive department of the federal government.
The Ethics Reform Act of 1989 provides that this salary level is adjusted each year based on the percent of change in the private sector wages and salaries portion of the Employment Cost Index, but minus 0.5 percent to incorporate modest reductions. The salary level is reported at the end of each calendar year by the Office of Personnel Management, and amounts to $246,400 in 2024.
The presidential pension benefit and additional office allowances are provided regardless of the individual wealth of former presidents. Although Truman’s post-presidential financial situation is now understood to have been less dire than he had represented, presidents in the modern era generally have had significant wealth. For example, according to GoBankingRates.com, the estimated wealth of the surviving former Presidents are: snip
It’s a combo of his presidential retirement which is equal to a cabinet secretary pay ~$260k plus his high 3 year salary from government service which was his VP stint calculated on top of his years in the Senate. It’s SOP in government.
He’s a POS but that’s normal for years served and for a president.
Jill Biden receives Social Security benefits; the First Lady doesn’t get a traditional “pension” like a former President; she receives benefits based on her own earnings and potentially as a spouse, her primary income is her husband’s presidential salary,
while past earnings (from her teaching) contribute to her Social Security, with the family also collecting benefits on Joe Biden’s earnings, as seen in 2023 when they reported substantial Social Security income.
Key Points:
Social Security, Not Pension: Jill Biden receives Social Security benefits, not a government pension for being First Lady; the role itself doesn’t have a defined pension, though widows of former Presidents get a small stipend.
Earnings-Based: Her Social Security comes from her own work history (like teaching) and potentially as a spouse, as shown by her receiving over $21,000 in Social Security income in 2023.
Family Benefits: The Biden family also receives Social Security on Joe Biden’s earnings, totaling over $64,000 in Social Security income for them in 2023.
Presidential Salary: Her income is also supplemented by Joe Biden’s presidential salary, not a First Lady pension.
There is NO DOUBT that the BIDEN CRIME FAMILY has BILLIONS STASHED OFFSHORE! imho
Once he dies it stops, I Hope. FJB.
Joe Biden iand Jill are also eligible for Social Security tax dollars.
People who worked for the government (public servants) can get Social Security, but their benefits were often reduced by laws like WEP (Windfall Elimination Provision) and GPO (Government Pension Offset).
President Biden signed the Social Security Fairness Act (Jan 2025) to eliminate these unfair reductions, allowing many public retirees to receive their full earned benefits, even retroactively. Modern federal employees (post-1984) and most state/local workers pay into Social Security and earn credits like other workers.
Key Points:
The Problem: Public employees (teachers, police, firefighters, etc.) often received pensions from their government jobs and Social Security from other jobs, but WEP and GPO significantly cut their Social Security checks.
The Solution: The Social Security Fairness Act (signed Jan 4, 2025) removes these cuts.
Who Benefits: Millions of former public servants, including surviving spouses, are now eligible for higher benefits, with some getting retroactive payments.
Current Federal Workers: Most federal employees hired after 1984 (under FERS) pay Social Security taxes and earn credits, making them eligible for benefits.
If President Biden’s recent legislation applies to your situation, you should get more Social Security, not less, due to changes impacting public service retirees.
Hunter Biden decries the super rich who always manage to ‘avoid the consequences’
Big time.
Could we garnish Joe’s check to help Hunter pay off his debt?
It’s hush money for Jill!
He won’t be collecting for long. Anyone who works until age 82 deserves a nice pension. It should be on the condition that he STFU.
I think his retirement fund should be taken & used to retire the debt. Biden likely has enough without it. After all, did not Biden create much of the national debt?
lots of damn pudding.........
No wonder he was smiling when he left. If he dies, the family and helpful medical staff will probably conceal it for as long as possible so his spawn can continue to rake it in.
.
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