Bush will get pension of almost $200,000 a year

[Auggie]

(01-15) WASHINGTON (AP): San Francisco Chronicle

The direct income President George W. Bush receives from taxpayers will be cut in half when he leaves the White House next week. Still, he'll receive a pension of almost $200,000 to tide him over in his first year of retirement in his new home in Dallas.

Vice President Dick Cheney also will be able to survive a prolonged recession with a pension starting at about $132,000, according to the National Taxpayers Union, a taxpayer advocacy group that follows pension issues.

The president's pension is set by the 1958 Former Presidents Act. Bush, who receives a $400,000 annual salary as president, will get an almost identical pension in 2009 — factoring in the 20 days in January he was still president — the same as Jimmy Carter, his father George H.W. Bush and Bill Clinton.

Their pension for the year is $196,700, a figure that will grow to $203,600 next year and $210,700 in 2011. The NTU estimates that if Bush, now 62, reaches his current life expectancy of 83.5 years, he will receive pension payments of $5,564,800, compared to the $3.2 million he earned serving in the White House.

LINK: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/01/15/national/w133028S80.DTL&hw=pension&sn=002&sc=941

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Chump change to them, no doubt.

[Eurobabe]

1. That's a waste of taxpayer money

Maybe they should tie their compensation to favorability ratings upon exit? :rofl:

[ellacott]

2. Cheney will also get his Haliburton money

[bif]

3. To quote him, "It's hard work."

A life of jogging, letting other people run the government, and into bed with a glass of bourbon by 9 o'clock. You try doing it!

[SammyWinstonJack]

4. Chimp change and he doesn't deserve one stinkin' dime!

[rateyes]

5. I wonder if we still have to pay it if

he is convicted of war crimes.

[Auggie]

6. Addendum: It'll amount to much more factoring in security and office space

[Hawkeye-X]

8. He can hire the Blackwater morons

And leave precious resources (SS tasks) elsewhere.

Oh, and he can't use any of the pension money at all - that's repartition to the United States of America for treason.

[Hawkeye-X]

7. So impeach the motherfucker.

He still can lose his pension and his benefits if he's impeached and removed from the office, post-presidency.

Hawkeye-X

[Johonny]

9. I say we the people pay him in Opium from Afghanistan