Joe Biden’s decades-long run in public office has positioned him to receive what analysts say is the largest taxpayer-funded retirement package ever collected by a U.S. president, with projected annual payments totaling about $417,000 — a figure that exceeds the presidential salary itself, the NY Post reports.
According to an analysis by Demian Brady, vice president of the National Taxpayer Union Foundation, Biden, now 83, qualifies for retirement income from multiple government programs during his first year out of office, a combination that sets him apart from every prior occupant of the White House.
“It’s pretty unusual, historically unusual, to have such a large pension amount,” Brady told The Post.
“I would have to say that it’s the largest,” the taxpayer advocate added when asked to compare Biden’s retirement benefits with those of past presidents.
The projected payout is roughly twice the amount received by Barack Obama after leaving office and about $17,000 more than the $400,000 annual salary Biden earned while serving as president.
Brady said the size of the pension reflects Biden’s “unique situation,” noting that his career path — which included lengthy service as a senator, vice president, and president — allows him to draw from more than one taxpayer-backed retirement system under current law.
Biden, who once described himself as “one of the poorest members” of Congress, is eligible to receive benefits under both the Former Presidents Act of 1958 and the Civil Service Retirement System that applies to former senators.
The CSRS benefit is calculated based on a formula that factors in Biden’s 44 years of combined service in the Senate and as vice president, along with his three highest-earning years during that period.
“Biden’s starting pension could be as much as $166,374, including an $18,186 set aside in the program for the spousal portion of benefit,” Brady said, emphasizing that the estimate assumes Biden opted to maximize his Senate pension.
Absent a statutory cap, Biden’s CSRS payments could have exceeded $254,000 annually. However, the system limits benefits to 80 percent of a retiree’s highest salary, which in Biden’s case was $230,700 during his tenure as vice president and president of the Senate.
Biden entered the Senate in 1972, before changes were made to reduce the generosity of the retirement plan for newer lawmakers.
In addition to his Senate and vice presidential benefits, Biden is also entitled to a presidential pension of roughly $250,000 per year. Under the 1958 law, that pension is pegged to the salary of a Cabinet secretary, currently $250,600.
The Former Presidents Act was passed amid public concern that Harry Truman faced financial hardship after leaving office. Historians have since argued that Truman was in fact a multimillionaire and not at risk of financial distress.
Beyond pensions, the law provides former presidents with a range of other taxpayer-funded benefits, including office space, staff, and equipment.
For fiscal year 2026, the General Services Administration allocated more than $1.5 million for Biden’s post-presidency expenses, including $727,000 for office space alone — a higher total than for any other former president.
“There’s no cap on the rent for that,” Brady said. “So it could be in a high-density area with high rent, and there is no limit on the amount of square footage that’s being rented and funded by taxpayers.
“It’s also provided for life.”
A representative for Biden did not respond to a request for comment.
Brady questioned whether relatively younger former presidents should be able to bill taxpayers indefinitely for office space that is often used to write memoirs or arrange lucrative speaking engagements.
He also urged lawmakers to revisit the structure of presidential retirement benefits to prevent similar payouts in the future.
“Biden is making more in retirement than the current president gets,” he said. “It’s a very unique situation, but even though it is unique, it is one that’s ripe for reform going forward.
“Congress ought to look at that to prevent such an extravagant pension amount in the future.”
Last year, Sen. Joni Ernst of Iowa introduced the Presidential Allowance Modernization Act, which would cap presidential pensions at $200,000 and scale back benefits such as office space, staff, and travel.
A similar bill cleared Congress in 2016 but was vetoed by Obama just months before he left office, at a time when he stood to benefit from the provisions it sought to eliminate.
Concerns about taxpayer-funded retirement benefits extend beyond former presidents.
Under federal law, members of Congress become eligible for a pension after completing five years of service, a system that costs taxpayers an estimated $38 million annually.
Rep. Marjorie Taylor Greene of Georgia drew attention last year when she said her final day in Congress would be Jan. 5 — just two days after the start of the new session — allowing her to meet the five-year threshold and qualify for an annual pension of $8,717.
While that amount pales in comparison to the estimated $107,860 per year that longtime Rep. Nancy Pelosi of California is expected to receive when she leaves Congress in 2027, Greene could still collect more than $265,000 over her lifetime through the taxpayer-funded benefit.
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