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Will laura bush recieve a pension?

asked by anonymous - 10 months 2 weeks ago

 

Answers

answered by oz - 8 months 2 weeks ago

Congressional pension is a pension made available to members of the United States Congress.
The pension amount is determined by a formula that takes into account the years served and the average pay for the top three years in terms of payment. In 2002, the average pension payment ranged from $41,000 to $55,000. For example, a Congressman who worked for 22 years and had a top three-year average salary of $153,900 would be eligible for a pension payment of $84,645 per year.
http://en.wikipedia.org/wiki/Congressional_pension

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- Here are some points about what the first lady is entitled to -
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Former First Ladies (also after former President's death) and Former President's minor children (until 16) are also entitled to the Secret Service protection and state-provided medical care. However the former First Lady would lose these privileges if she divorces or remarries before 60 years old.
http://en.wikipedia.org/wiki/President_of_the_United_States#Secret_Service


Taxable pension equal to the basic pension of the head of the executive department (currently $191.300). The pension begins immediately after President's departure from office. The United States Secretary of Treasury is responsible for paying.
Transition funds.
Private office staff provided by the Administrator of General Services and funds. Persons employed under this subsection shall be selected by the former President and shall be responsible only to him for the performance of their duties. Each former President shall fix basic rates of compensation for persons employed for him under this paragraph which in the aggregate shall not exceed $96,000 per annum

Each former President shall fix basic rates of compensation for persons employed for him under this paragraph which in the aggregate shall not exceed $96,000 per annum, except that for the first 30-month period during which a former President is entitled to staff assistance under this subsection, such rates of compensation in the aggregate shall not exceed $150,000 per annum...
http://www.archives.gov/about/laws/former-presidents.html



(e) The widow of each former President shall be entitled to receive from the United States a monetary allowance at a rate of $20,000 per annum, payable monthly by the Secretary of the Treasury, if such widow shall waive the right to each other annuity or pension to which she is entitled under any other Act of Congress. The monetary allowance of such widow--

(1) commences on the day after the former President dies;

(2) terminates on the last day of the month before such widow--

(A) dies; or

(B) remarries before becoming 60 years of age; and

(3) is not payable for any period during which such widow holds an appointive or elective office or position in or under the Federal Government or the government of the District of Columbia to which is attached a rate of pay other than a nominal rate.

(f) As used in this section, the term ?former President? means a person--

(1) who shall have held the office of President of the United States of America;

(2) whose service in such office shall have terminated other than by removal pursuant to section 4 of article II of the Constitution of the United States of America; and

(3) who does not then currently hold such office.

(g) There are authorized to be appropriated to the Administrator of General Services up to $1,000,000 for each former President and up to $500,000 for the spouse of each former President each fiscal year for security and travel related expenses: Provided, That under the provisions set forth in section 3056, paragraph (a), subparagraph
(3) of title 18, United States Code
[section 3056(a)(3) of Title 18, Crimes and Criminal Procedure],
the former President and/or spouse was not receiving protection for a lifetime provided by the United States Secret Service under section 3056 paragraph
(a) subparagraph
(3) of title 18, United States Code; the protection provided by the United States Secret Service expired at its designated time; or the protection provided by the United States Secret Service was declined prior to authorized expiration in lieu of these funds.

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