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S. 1791, Presidential Allowance Modernization Act of 2017 (CBO Report for Congress)

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Congress 115th
Date Requested Oct. 4, 2017
Requested By Senate Committee on Homeland Security and Governmental Affairs
Date Sent Feb. 12, 2018
Description:

Under current law, former Presidents receive annual pensions that equal a Cabinet Secretary’s basic pay (about $211,000 in 2018); the annual pension for a President’s surviving spouse is set at $20,000. Current law also provides former Presidents with annual allowances to pay for staff, office space, and other related expenses.

 

S. 1791 would decrease former Presidents’ pensions to $200,000 per year but would increase the pension of a surviving spouse to $100,000. Both pensions would be indexed to inflation. For the first 10 years after leaving office, a former President would receive a $500,000 annual expense allowance (also indexed to inflation) that would be reduced by $1 for every dollar over $400,000 earned the year before; the allowance would eventually drop to $250,000 by the end of 10 years.

 

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