Former presidents of the United States receive a substantial lifetime federal pension along with a range of additional benefits, collectively costing taxpayers millions annually. These provisions are governed by the Former Presidents Act (FPA), enacted by Congress in 1958 in response to concerns about the financial difficulties faced by former President Harry Truman.
Originally, the pension was set at $25,000—equivalent to approximately $278,979 in today’s money—but as of 2025, the annual pension amount stands at $250,600, matching the salary of a Cabinet Secretary. This pension is subject to annual adjustments based on the cost-of-living index, ensuring its value keeps pace with inflation.
Additional Allowances and Eligibility Criteria
Beyond the pension, former presidents receive numerous allowances, including office space, staff support, security details, and coverage of travel expenses. Notably, the pension is not means-tested, allowing former presidents to collect the full amount regardless of personal wealth or income from other sources. Those who have also served in Congress may qualify for separate federal pension plans on top of the presidential pension.
Widows of former presidents are entitled to a yearly pension of $20,000, in addition to franking privileges that facilitate free mailing services.
However, eligibility is restricted in certain circumstances: former presidents who have been impeached and subsequently removed from office, as well as those who resigned or left office before completing their term, are ineligible to receive the pension or associated benefits.