It’s unclear if former President Joe Biden will actually cash in on all of those benefits. (David Becker/The Associated Press )
TRUMP SUGGESTS DOJ OWES HIM MONEY FOR PAST CASES
The Former President’s Act of 1958 stipulates that presidential pensions are equal to the salaries Cabinet secretaries receive, which is currently set at $250,600. Additionally, Biden could be eligible for up to $166,374 for his time as a senator and vice president under the Civil Service Retirement System, Brady told the Post.
Still, it’s unclear if Biden will actually cash in on all of those benefits. A spokesperson for Biden did not immediately respond to a request for comment from Fox News Digital.
President Barack Obama smiles alongside Vice President Joe Biden before signing healthcare insurance reform legislation at the White House on March 23, 2010. (Saul Loeb/AFP via Getty Images)
Meanwhile, efforts are underway in Congress to curb how much former presidents can rake in once they leave office. For example, Sen. Joni Ernst, R-Iowa, reintroduced the Presidential Allowance Modernization Act in 2025, which would cap presidential pensions at $200,000. The legislation was referred to the Senate Homeland Security and Governmental Affairs Committee.
Past initiatives to rein in presidential pensions have failed. Obama ultimately vetoed a similar piece of legislation that Congress backed in 2016 just before he was set to leave the White House.
Diana Stancy is a politics reporter with Fox News Digital covering the White House.
https://www.foxnews.com/politics/taxpayers-could-foot-historically-unusual-pension-biden-report-finds