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Posted on 08/25/2025 8:47:28 AM PDT by bitt
Key Facts:
Former presidents are very wealthy and continue to earn millions from books, speeches, and media deals, yet still receive over $5 million a year in taxpayer-funded pensions and perks for offices, staff, and supplies.
Budget data for FY 2026 show that Biden’s office and expense perks will exceed those of the other former presidents. He also is eligible for a generous congressional pension for his time in the Senate.
Senator Joni Ernst’s Presidential Allowance Modernization Act would cap pensions, limit expense allowances, and cut perks for wealthy ex-presidents to save taxpayers millions.
Introduction
Former President Joe Biden recently landed a $10 million book deal for his presidential memoir—just one of many lucrative opportunities available to former presidents. Yet, despite his private-sector earnings and personal wealth, Biden is receiving more taxpayer-funded perks than any other former president.
(Excerpt) Read more at ntu.org ...
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Message: Former presidents are very wealthy and continue to earn millions from books, speeches, and media deals, yet still receive over $5 million a year in taxpayer-funded pensions and perks for offices, staff, and supplies.
Budget data for FY 2026 show that Biden’s office and expense perks will exceed those of the other former presidents. He also is eligible for a generous congressional pension for his time in the Senate. Plus Jill Biden gets a tax-paid pension.
This must be stopped asap.
Brandon’s book will be a money laundering trick.
Get a real job...and not a lifelong one in government.
Term limits instead of retirement plans and YOU'VE BEEN PAID ENOUGH ALREADY mugs on the way out of the door.
We need to deep cut benefits from all elected officials who are no longer in the business.
Biden needs to go on speaking tours to same Americans millions in post-presidency perks.
Kamala needs to also go on speaking tours, to release al her word salads she would’ve imposed on Americans if she had become president.
Obama should also go on speaking tours, to tall us about all the gay parties he held in the White House as (p)resident.
In office for 51 years, retired Joe Biden to pocket hefty $413,000 Dual Govt Pension Payout annually
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
Some liberal press bimbo
<><>should buy a calculator
<><>drop by the publisher’s office
<><>and see why and how these corrupt grifters feel Biden’s ‘book’
<><>will bring in enough money to justify a $ten million dollar advance...
<><>the public has a right to know.
Money laundering comes to mind.
Wow. I can see spending for protection and a retirement pension. But why the hell are we paying for a staff?
They aren’t kings but they sure get treated like they are.
What did they do before all the presidential libraries? Whose was the first and how many are there and who pays to keep them up and for how long?
The Truman Library in Independence was a big deal when it opened not far from where my grandparents lived. We would take walks when we visited and go by the Truman house. The library was a big deal when it was built and Thomas Hart-Benton painted the great mural there. I watched him working on it. I wonder how many still go there after 70 years or so? Who still remembers Truman or many other presidents and who wants to and who needs to outside of the lessons of history.
We Americans are far to sentimental and our former prosperity outstrips our current ability to afford all the mementos and memorials we have created in the last 100 years. We are hoarders on a national scale. We need to rationalize the volume of stuff we try to preserve from presidential memorials to ships and airplanes. Take a picture, it will last longer.
Wonderful ideas that raise huge amounts of capex hardly ever contemplate the cost of upkeep. This town built a magnificent sports complex they now can’t even afford to keep mowed and are trying to soak the youth sports leagues for that now.
When Hillary run for President, She disclosed their net worth to be like 230 millions.
Now probably lot more.
At the very least, Biden’s POTUS pension should be eliminated with cause for dereliction of duty.
At the very least, Biden’s POTUS pension should
be eliminated with cause for dereliction of duty.
No question.
Capital idea presidents perks are tax payer abuse.
I thought he was dead ?
Has anyone seen proof otherwise
Jill Biden has many sources of retirement/pension income:
As the spouse of a former vice president, she is eligible for a survivor’s benefit from Joe Biden’s congressional pension. A 2024 analysis from the Wall Street Journal stated this would be about half of his congressional pension of $166,374.
In 2024, the Bidens’ joint tax returns listed income from pensions and annuities, as well as Social Security benefits.
Biden has her own income from her career as a professor at Northern Virginia Community College, where she taught for many years. Income from this job would contribute to her retirement and Social Security benefits, separate from her husband’s.
Spousal pension eligibility
The Former Presidents Act establishes benefits for former presidents, including a pension and other allowances. Under this act, the widow of a former president is eligible for an annual pension of $20,000, though they can choose to waive this benefit.
Why should anyone receive two government pensions, they should receive only the larger of the one they choose, but not more than one.
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