@sacramentourbanmedia916: Former President #JoeBiden is projected to collect the highest government-funded retirement package ever awarded to a former U.S. president, with annual pension payments estimated at about $417,000, according to an analysis from the National Taxpayer Union Foundation (NTUF). The amount is greater than Biden’s former $400,000 presidential salary and nearly twice what former President Barack Obama receives in retirement benefits. NTUF Vice President Demian Brady described the figure as unprecedented in modern history in comments to the New York Post. “From a historical standpoint, this level of pension income is highly unusual,” Brady said. The record-setting total is the result of Biden’s eligibility for multiple federal retirement programs, reflecting his decades-long career in public service that included roles as a U.S. senator, vice president, and president. Under the Former Presidents Act of 1958, Biden is entitled to a pension equal to the salary of a Cabinet secretary, which currently stands at $250,600 per year. In addition, he qualifies for retirement income through the Civil Service Retirement System, earned over 44 years of federal employment. Brady estimates Biden’s combined Senate and vice-presidential retirement benefits at approximately $166,000 annually, subject to an 80% cap based on his highest government salary. When added to the presidential pension, the total exceeds that of any previous president. Beyond direct pension payments, the General Services Administration has allocated more than $1.5 million for fiscal year 2026 to cover Biden’s post-presidency expenses, including office space, staff support, and equipment.#fyp #viral

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Tuesday 06 January 2026 03:17:40 GMT