Former Presidents Act
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.
You want to know more about Former Presidents Act?
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.