Wednesday, July 22, 2009

Presidential Pay and Benefits

Effective January 1, 2001, the annual salary of the president of the United States was increased to $400,000 per year, including a $50,000 expense allowance.

The increase was approved as part of the Treasury and General Government Appropriations Act (Public Law 106-58), passed in the closing days of the 106th Congress.

"Sec. 644. (a) Increase in Annual Compensation.--Section 102 of title 3, United States Code, is amended by striking '$200,000' and inserting '$400,000'. (b) Effective Date.--The <> amendment made by this section shall take effect at noon on January 20, 2001."

The salary of the vice president is currently (for 2009) $227,300

Under the Former Presidents Act, each former president is paid a lifetime, taxable pension that is equal to the annual rate of basic pay for the head of an executive federal department -- $193,400 in 2009 – the same annual salary paid to secretaries of the Cabinet agencies.

Each former president and vice president may also take advantage of funds allocated by Congress to help facilitate their transition to private life. These funds are used to provide suitable office space, staff compensation, communications services, and printing and postage associated with the transition. As an example, Congress authorized a total of $1.5 million for the transition expenses of outgoing president George H.W. Bush and Vice President Dan Quayle.

The Secret Service provides lifetime protection for former presidents who entered office before January 1, 1997, and for their spouses. Surviving spouses of former presidents receive protection until remarriage. Legislation enacted in 1984 allows former Presidents or their dependents to decline Secret Service protection.

Former Presidents and their spouses, widows, and minor children are entitled to treatment in military hospitals. Health care costs are billed to the individual at a rate established by the Office of Management and Budget (OMB). Former Presidents and their dependents may also enroll in private health plans at their own expense.


Mike West said...

The salary of the vice president is currently (for 2009) $227,300.
Speaking of a vice president, has anyone seen Biden lately?

Brodad Unkabuddy said...

Yes, he was very busy in Moscow upsetting the Russians with his latest gaffe. And Quayle's political career was devastated because he spelled "potato" differently than most of us . . . Unbelievable.