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According to the Former Presidents Act (FPA), former Presidents receive a pension that is equal to pay for the head of an executive department (Executive Level I-Presidential Cabinet member), which is $191,300 per year as of January 1, 2008. Former Presidents are all paid the same pension amount and are raised to this level when the Executive Level I salary increases, so all former Presidents are paid the same amount. This includes former Presidents Jimmy Carter, George H. W. Bush (#41), Bill Clinton, and will include President George W. Bush (#43). Other office, staff, and travel benefits are extensive. Former President Clinton is given an additional $961,000 for this purpose, and President Bush will be given the same amount. This is so the former Presidents will have enough income to perform some high level of humanitarian work. See http://www.senate.gov/reference/resources/pdf/98-249.pdf

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16y ago

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