Biden Set To Collect Highest Taxpayer-Funded Retirement Package of Any Former U.S. President

By The Blog Source

As a result of a half-century-long career in Washington, former President Joe Biden is expected to get the highest taxpayer-funded retirement package of any former president in the U.S. history. Critics claim such an arrangement shows how disconnected the political elite has gotten from the citizens who finance it.

In his first year out of office, Biden's combined pensions are estimated to be $417,000 annually, which is more than his $400,000 annual salary as president and almost twice his former boss Barack Obama's retirement benefits, according to a National Taxpayer Union Foundation analysis. Vice President of the NTU Foundation Demian Brady told the New York Post, "I would have to say that it's the largest." He also said, "It's pretty unusual—historically unusual—to have such a large pension amount."

Biden's compensation is large because of what Brady called a "unique situation." Biden's decades in the U.S. are associated with both the Former Presidents Act of 1958 and the Civil Service Retirement System. The Senate and his tenure as vice president are providing benefits to him simultaneously. After being elected to the Senate in 1972, Biden was able to lock in benefits under more generous, earlier regulations since lawmakers had not yet reduced the retirement system's generosity for newer members. If it weren't for a limitation that restricted distributions to 80% of his greatest wage, his CSRS pension alone might have topped $254,000 yearly. According to Brady, Biden's Senate and vice presidential pension, including spouse benefits, currently amounts to around $166,000 annually.

Biden's presidential pension is an additional benefit. According to federal law, it must match the income of a cabinet secretary, which is presently $250,600 annually. Concerns about Harry Truman's post-presidency finances initially supported this requirement, but many historians now question the exaggeration of these worries. Biden's annual retirement income is far more than what the majority of Americans would get throughout their lifetimes thanks to the two pensions taken together.

The burden on taxpayers doesn't stop there. Additionally, the Former Presidents Act provides lifetime coverage for office space, personnel, equipment, and travel. More than any other past president, Biden has received more than $1.5 million from the General Services Administration for fiscal year 2026, including $727,000 for office space alone. "The rent has no cap," Brady said. "Life is also provided for."

Brady questioned whether taxpayer-funded offices for younger former presidents should be guaranteed eternally, especially because the offices are frequently utilized for foundation work, memoirs, or expensive speaking engagements. He claimed that Biden's retirement income exceeded that of the current president. "Going forward, it is ripe for reform."

On Capitol Hill, the argument has acquired some momentum. The Presidential Allowance Modernization Act, sponsored by Senator Joni Ernst last year, would reduce benefits, including office space and personnel, and restrict presidential pensions to $200,000. Just months before he left office, Obama vetoed a similar proposal that had passed Congress in 2016.

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The president is only one aspect of the larger problem. Any member of Congress is eligible for a pension under federal law after just five years of service; this benefit costs taxpayers around $38 million a year. While longstanding members like Nancy Pelosi are expected to get well over $100,000 annually upon retirement, Representative Marjorie Taylor Greene caused controversy by serving just long enough to qualify for a small pension.

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At one point, Biden called himself "one of the poorest members" of Congress. His retirement package reveals an entirely different picture, one that has rekindled demands for Congress to finally control a system that many Americans view as too lavish and representative of a political elite that is blind to the economic reality of the nation it rules.

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