Former American President Joe Biden receives pension payments of $ 417 thousand due to his long political career. This was reported on January 4 by the New York Post newspaper with reference to the analysis of the vice president of the US National Taxpayers Fund, Demian Brady.
"It's quite unusual, historically unusual to have such a large amount. ... I would say that this is the biggest," said Brady.
According to the newspaper, the uniqueness of Biden's situation is that he was a senator, vice president and president, which allows him to take advantage of a loophole in several pension funds at once. The former president receives lucrative payments and benefits established by the Former Presidents Act of 1958, as well as funds from the State Employees' Retirement System (CSRS) for former senators.
In addition, the publication stressed that the pension of the former US president exceeds his annual salary during the presidency.
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