How Much Does The President Make After He Leaves Office

The president is also granted a 50 000 annual expense account.

How much does the president make after he leaves office. The pension serves more of a role of an allowance in addition to travel office and security costs. The current salary for the president of the united states is 400 000 per year with an expense account of 50 000. As of january 2011 this amount was 199 700 according to the office of personnel management.

In 2017 the annual pension was 207 800. The rate of presidential pension is fixed and it usually grows annually due to inflation. Thereafter the former presidents act stipulates that the aggregate rates of staff compensation for a former president cannot exceed 96 000.

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. Former presidents receive a pension and other benefits when they leave office. When harry truman left office back in 1953 he and his family were practically broke.

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. Six months after a president leaves office they get funds for an office staff. The benefits former presidents receive is nearly 5 million dollars a year with more than 40 of that cost in office space.