1、Order Code 98-249 GOVUpdated March 18, 2008Former Presidents: Federal Pension and Retirement BenefitsStephanie SmithAnalyst in American National GovernmentGovernment and Finance DivisionSummaryCongress enacted the Former Presidents Act (FPA) in 1958 to provide formerPresidents an annual lifetime pen
2、sion, currently $191,300, and office allowancesadministered by the General Services Administration (GSA). The FPA, as amended,also provides former Presidents with travel funds and mailing privileges (3 U.S.C. 102note). Secret Service protection for former Presidents is also authorized by statute.P.L
3、. 110-161, the FY2008 Consolidated Appropriations Act, authorizes $2,478,000 infunding for former Presidents. The Presidents FY2009 budget requests $2,934,000 toprovide former Presidents with pensions and office allowances. IntroductionChief executives leaving office prior to 1958 often entered reti
4、rement pursuingvarious occupations and received no federal assistance. When industrialist AndrewCarnegie announced a plan in 1912 to offer $25,000 annual pensions to former Presidents,many Members of Congress deemed it inappropriate that such a pension would beprovided by a private corporation execu
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