Biden receives $417,000 in pension money: more than any of his predecessors and higher than the salary of the US president.

The pension of the 46th US President, Joe Biden, has become the largest of any president in the country—it even exceeds his presidential salary. How government officials' pensions are calculated is explained. New York Post.

Biden, 83, could count on $417,000 a year from two pension funds in his first year out of office, according to estimates from the National Taxpayers Fund.

"Historically, it's extremely rare for pension payments to reach such levels," noted Damien Brady, the fund's vice president. He emphasized that this is the largest pension of any US president.

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The amount is nearly double the pension payments President Barack Obama receives and $17,000 more than Biden's $400,000 annual presidential salary.

This pension size is explained by Biden's "unique career": he served as a senator, vice president, and president, allowing him to take advantage of several taxpayer-funded pension programs. Biden receives benefits from both the Presidential Pension Act of 1958 and the Pension System for Former Senators.

The amount of payments under the Senatorial program is calculated based on Biden's 44 years of service in the Senate and as vice president, as well as his three highest-paid years during that period. According to the expert's estimates, Biden's starting pension could have been up to $166,374, including $18,186 for his spouse's share. Without the 80% cap on his highest salary, this amount under the Senatorial program would have reached $254,000 per year.

Biden was elected to the Senate in 1972 and took office before the Senate pension program was slightly changed, making it less generous for new members.

Additionally, Biden receives approximately a quarter of a million dollars annually from the presidential pension program. A 1958 law stipulates that the president's pension payments must match the salary of the head of a department, which is currently $250,600.

The law was passed amid public concern over President Harry Truman's alleged financial difficulties after leaving office, although modern historians and experts believe Truman was in fact a multimillionaire and not on the verge of ruin.

The Presidential Act, among other things, provides for a number of additional taxpayer-funded benefits, including funds for personnel, equipment, and office space. For fiscal year 2026, the General Services Administration has allocated Biden over $1,5 million, of which $727,000 is for office rent alone—more than for any other president.

"There are no rent caps," Brady noted. "The office can be located in a high-rent area, and there's no cap on the amount of taxpayer-funded space. These payments are guaranteed for life."

Brady believes it's worth considering whether younger presidents like Obama should be allowed to use government funds for office space for life when those spaces are primarily used for writing memoirs and hosting paid speaking engagements.

He stressed that Congress must take steps to ensure that future presidents do not receive such large payments at taxpayer expense, as Biden did.

"Biden is earning more in retirement than a sitting president," Brady stated. "This is a unique situation, but Congress should address this issue to avoid excessive pension payments in the future."

Last year, Senator Joni Ernst (R-Iowa) introduced a presidential benefits modernization bill that would cap presidential pensions at $200,000 and cut benefits, including office space, personnel, and travel expenses. A version of this bill passed Congress in 2016, but it was vetoed three months before Obama left office, when he himself was eligible for these benefits.

Concerns about large pension payments extend to other former politicians as well. According to federal law, every member of the US Congress is entitled to annual pension payments after five years of service, costing taxpayers approximately $38 million per year.

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Representative Marjorie Taylor Greene (R-Ga.), who started serving on January 3, 2021, raised eyebrows when she announced that her last day as a representative would be January 5 — to meet the minimum deadline for receiving her $8717 annual pension.

That pension is small compared to the $107,860 that longtime Congresswoman Nancy Pelosi, D-Calif., is estimated to receive when she retires in 2027. However, Greene will still be able to collect more than $265,000 from the state pension fund over her lifetime.

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