Biden may receive $417,000 taxpayer-funded pension after presidency

Former President Joe Biden could collect a hefty taxpayer-funded pension – stemming from his long career as a federal employee, according to a new report.

The National Taxpayer Union Foundation estimates that Biden could collect as much as $417,000 in pensions — more than he earned in a year as president and more than previous presidents — from collecting pensions from several retirement programs he qualified for after beginning his career in Washington in the 1970s.

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“It’s pretty unusual, historically unusual, to have a pension amount that high,” Demian Brady, president of the National Taxpayer Union Foundation, told the New York Post.

The estimate comes from Biden’s long political career, which means he has the ability to receive benefits under the Former President Act of 1958 and retirement benefits from the Civil Service Retirement System for his time as a senator and vice president.

It’s unclear whether former President Joe Biden will actually receive all of these benefits. (David Becker/Associated Press)

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The Former President’s Act of 1958 states that presidential pensions are equal to the salaries that cabinet secretaries receive, which are currently set at $250,600. Additionally, Biden could be eligible for up to $166,374 for his time as senator and vice president under the Civil Service Retirement System, Brady told the Post.

Still, it’s unclear whether Biden will actually enjoy all of these benefits. A Biden spokesperson did not immediately respond to a request for comment from Fox News Digital.

Joe Biden, then chairman of the Senate Judiciary Committee, in 1991, while presiding over the Supreme Court confirmation hearings of Clarence Thomas. (Getty)

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Biden launched his career as a U.S. senator in 1972 and served as former President Barack Obama’s vice president for eight years starting in 2009. He earned $400,000 a year while president.

The National Taxpayer Union Foundation did not immediately respond to a request for comment from Fox News Digital.

Then-President Barack Obama smiles alongside then-Vice President Joe Biden before signing the health insurance reform bill during a ceremony in the East Room of the White House in Washington, March 23, 2010. (Saul Loeb/AFP via Getty Images)

Meanwhile, efforts are underway in Congress to limit the amount former presidents can earn once they leave office. For example, Sen. Joni Ernst, R-Iowa, reintroduced the Presidential Allowances Modernization Act in 2025, which would cap presidential pensions at $200,000. The bill was referred to the Senate Homeland Security and Governmental Affairs Committee.

Despite this, past initiatives to control presidential pensions have failed. Obama ultimately vetoed a similar bill that Congress had supported in 2016, just before leaving the White House.