For ads-free news, click here.
From the Washington Examiner: President Joe Biden is stepping away from nearly 50 years of public service next week, but he will still receive benefits not afforded to the average retiree.
Exiting the Oval Office brings ex-presidents into one of the world’s most exclusive clubs, with there being just four other living ex-presidents left after former President Jimmy Carter died late last year. Biden, set to join the club in a few days, will still receive pensions and protections from his time in office.
After serving 36 years in the Senate, eight as vice president, and four as president, his pension will be at least $13,000 higher than his current salary of $400,000, according to a National Taxpayers Union Foundation report. When Biden leaves office, he will receive a $166,000 congressional pension and an executive branch pension of $246,400 per year.
Combined, Biden will receive about $413,000 per year.
Former presidents are also entitled to Secret Service protection for life, under the Former Presidents Protection Act of 2012. Biden’s protection detail will decrease when he leaves office, as sitting presidents have far more protection than former presidents.
The report explains that former presidents can reject the Secret Service protection if they wish. The only president to do so was Richard Nixon, who relinquished the service 11 years after he left office..
Follow us on X (Formerly Twitter.)
The DML News App: www.X.com/DMLNewsApp
The Dennis Michael Lynch Podcast archive is available below, with the most recent on top. Never miss an episode. Subscribe to the show by downloading The DML News App or go to Apple Podcasts.
