Posts Tagged ‘ president retirement benefits ’

Retirement Benefits for Presidents

Jul 7th, 2015 | By Sharon Shaw Elrod MSW EdD | Category: Senior Moments Blog

The Former Presidents Act (FPA) was passed in 1958 and called for a number of benefits for United States Presidents upon departure from the White House. At that time, there were only two former presidents still living… Hoover and Truman. Eisenhower was President, and he was the first to be covered under the FPA when he left office.

After the President leaves office, he/she receives a pension that is equal to what other heads of executive branch departments are paid. In 2014, it was $201,700. Her/his spouse can also receive a lifetime annual pension of $20,000 if they don’t have any other statutory pensions.