Joe Biden may receive pension larger than his presidential salary, report finds

A new report finds Joe Biden could receive up to $417,000 annually in taxpayer-funded retirement benefits
PUBLISHED 1 DAY AGO
Former President Joe Biden spoke with reporters in Washington DC after meeting with officials on hurricane response (Getty Images)
Former President Joe Biden spoke with reporters in Washington DC after meeting with officials on hurricane response (Getty Images)

WASHINGTON, DC: Former President Joe Biden could be eligible for a taxpayer-funded pension that exceeds his annual presidential salary, according to a new analysis describing the potential payout as “historically unusual” due to his long career in Washington.

A report by the National Taxpayer Union Foundation estimates that Biden could receive up to $417,000 annually in retirement benefits, higher than the $400,000 salary he earned as president and potentially more than any former commander-in-chief before him.

U.S. President Joe Biden speaks after meeting with North Carolina Governor Roy Cooper, FEMA Administrator Deanne Criswell, and Homeland Security Advisor Liz Sherwood-Randall on the ongoing response to the aftermath of Hurricane Helene in the Oval Office of the White House on September 30, 2024 in Washington, DC. The President has said he plans to travel to North Carolina on Wednesday as authorities face challenges delivering supplies to isolated, flood-ravaged areas in the Southeastern United States as the death toll from Hurricane Helene tops 100. (Photo by Kent Nishimura/Getty Images)
Former President Joe Biden met officials in the Oval Office on Hurricane Helene response (Getty Images)

Long Washington career drives unusually large pension estimate

The unusually high estimate stems from Biden’s decades of service in federal government, which began in the early 1970s and spanned more than five decades across multiple branches of government.

Biden first entered national politics in 1972, when he was elected as a US senator from Delaware. He served 36 years in the Senate, followed by eight years as vice president under former President Barack Obama, before winning the presidency himself.

President Joe Biden speaks onstage at the Grand Opening Ceremony for the Stonewall National Monument Visitor Center hosted by Pride Live at the Stonewall National Monument Visitor Center on June 28, 2024 in New York City. (Photo by Kevin Mazur/Getty Images for the Stonewall National Monument Visitor Center, a Program of Pride Live)
Joe Biden spoke at the Stonewall National Monument Visitor Center opening in New York City (Getty Images)

Because of this extensive service, Biden may qualify for retirement benefits from multiple federal programs, a rare overlap that significantly boosts the estimated total.

“It’s pretty unusual, historically unusual, to have such a large pension amount,” Demian Brady, president of the National Taxpayer Union Foundation, told the New York Post while discussing the findings.

Breakdown of potential retirement benefits

According to Brady, Biden could receive benefits under the Former Presidents Act of 1958, which grants former presidents an annual pension equal to the salary of Cabinet secretaries. That amount is currently set at $250,600 per year.

On top of that, Biden may also qualify for retirement payments through the Civil Service Retirement System for his years as senator and vice president. Those benefits could total up to $166,374 annually, the report estimates.

Joe Biden reacts as supporters greet Joe Biden with a light display showing Georgians love for Joe Biden at his debate watch party at Hyatt Regency Atlanta on June 27, 2024 in Atlanta, Georgia. (Photo by Derek White/Getty Images for DNC)
Joe Biden greeted supporters at his debate watch party in Atlanta (Getty Images)

Combined, the two streams could push Biden’s total annual pension to approximately $417,000, funded entirely by taxpayers.

While former presidents routinely receive pensions and post-office benefits, experts say it is rare for those benefits to stack alongside long-term congressional and executive branch retirement programs in this way.

Uncertainty remains over whether Biden will collect full amount

Despite the eye-catching estimate, it remains unclear whether Biden will ultimately collect the full amount outlined in the report.

A spokesperson for Biden did not immediately respond to a request for comment on whether he intends to draw from all available retirement programs. The National Taxpayer Union Foundation also did not respond to a separate inquiry from Fox News Digital.

U.S. President Joe Biden walks out of the Oval Office to speak about the results of the 2024 election in the Rose Garden on November 07, 2024 in Washington, DC. Former President Donald Trump defeated Democratic candidate Vice President Kamala Harris. Biden pledged to work with the Trump team to ensure a smooth transition and invited the former President for an Oval Office meeting. (Photo by Andrew Harnik/Getty Images)
Joe Biden addressed 2024 election results in the Rose Garden (Getty Images)

During his presidency, Biden earned $400,000 per year, a salary that has remained unchanged for US presidents since 2001.

Renewed push in Congress to cap presidential pensions

The report comes amid renewed efforts in Congress to limit how much former presidents can receive after leaving office.

In 2025, Sen. Joni Ernst, a Republican from Iowa, reintroduced the Presidential Allowance Modernization Act, which would cap presidential pensions at $200,000 annually. The bill has been referred to the Senate Homeland Security and Governmental Affairs Committee.

PHOENIX, ARIZONA - NOVEMBER 02: Former U.S. President Barack Obama delivers remarks at a campaign event for Arizona Democrats at Cesar Chavez High School on November 02, 2022 in Phoenix, Arizona. Obama campaigned for Sen. Mark Kelly (D-AZ) and Democratic gubernatorial nominee Katie Hobbs. (Photo by Kevin Dietsch/Getty Images)
Barack Obama spoke at a campaign event for Arizona Democrats in Phoenix (Getty Images)

Similar attempts to rein in presidential benefits have failed in the past. In 2016, Congress passed legislation aimed at reducing post-presidency allowances, but then-President Barack Obama vetoed the bill just before leaving office.

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