Tag: Presidential pension

Trump has been receiving presidential pension since January: report

Mary Pat Campbell

Link: https://thehill.com/homenews/administration/554197-trump-has-been-receiving-presidential-pension-since-january-report

Excerpt:

Former President Trump has been receiving a presidential pension since he left office in January, Business Insider reported Tuesday 

A spokesperson for the General Services Administration confirmed to Insider that Trump has been paid $65,000 in presidential pension payments through May 14. 

Former presidents are entitled to receive pensions after their terms under the Former Presidents Act, which Congress passed in 1958 largely in response to former President Truman’s financial troubles after leaving office in 1953.

Author(s): OLAFIMIHAN OSHIN

Publication Date: 18 May 2021

Publication Site: The Hill

Explainer: Why Trump’s post-presidency perks, like a pension and office, are safe for the rest of his life

Mary Pat Campbell

Link: https://www.reuters.com/article/us-usa-trump-impeachment-benefits-explai/explainer-why-trumps-post-presidency-perks-like-a-pension-and-office-are-safe-for-the-rest-of-his-life-idUSKBN29W2DD

Excerpt:

CAN PRESIDENTS BE STRIPPED OF THESE BENEFITS?

Yes, but only if they are removed from office during their presidency, said Brian Kalt, a law professor at Michigan State University. Being impeached by the House of Representatives does not impact the benefits.

Many lawmakers and public figures called for Trump’s removal from office during the final days of his presidency, but he avoided this fate, so the benefits are safe.

There is one caveat: the law could always change. Some advocates say the Former Presidents Act is an unnecessary cost, arguing that modern-day presidents have lucrative opportunities and do not need the public’s help after stepping down.

Author(s): Jan Wolfe

Publication Date: 27 January 2021

Publication Site: Reuters