The Former Presidents Act is a 1958 U.S. federal law that provides several lifetime benefits to former presidents of the United States. By law, former presidents are entitled to a pension, staff and office expenses, medical care or health insurance, and Secret Service protection.
About Former Presidents Act in brief
The Former Presidents Act is a 1958 U.S. federal law that provides several lifetime benefits to former presidents of the United States who have not been removed from office. By law, former presidents are entitled to a pension, staff and office expenses, medical care or health insurance, and Secret Service protection. The Secretary of the Treasury pays a taxable pension to the president; as of 2020, it is USD 219,200 per year.
A former president’s spouse may also be paid a lifetime annual pension of USD 20,000 if they relinquish any other statutory pension. Former presidents are also entitled to medical treatment in military hospitals; they pay for this at interagency rates set by the Office of Management and Budget.
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This page is based on the article Former Presidents Act published in Wikipedia (as of Nov. 28, 2020) and was automatically summarized using artificial intelligence.
