How Much Does The President Make After He Leaves Office

The current salary for the president of the united states is 400 000 per year with an expense account of 50 000.

How much does the president make after he leaves office. The rate of presidential pension is fixed and it usually grows annually due to inflation. According to the former presidents act former presidents receive a monthly allowance from the secretary of the treasury equal to the basic pay of the head of an executive department. When harry truman left office back in 1953 he and his family were practically broke.

Former presidents receive a pension and other benefits when they leave office. According to title 3 of the us code a president earns a 400 000 salary and is still on government payroll after leaving office. When they first leave office they get up to 150 000 for staffing every year but after the first 30 months that number drops to 96 000 per year.

The pension serves more of a role of an allowance in addition to travel office and security costs. The benefits former presidents receive is nearly 5 million dollars a year with more than 40 of that cost in office space. In 2017 the annual pension was 207 800.

The president is also granted a 50 000 annual expense account. Six months after a president leaves office they get funds for an office staff. Thereafter the former presidents act stipulates that the aggregate rates of staff compensation for a former president cannot exceed 96 000.