Former President Joe Biden could be pulling in a hefty, taxpayer-funded pension — stemming from his expansive career as a federal employee, according to a new report.
The National Taxpayer Union Foundation estimates that Biden could be collecting up to a $417,000 pension — more than he was making a year as president, and more than previous presidents — as a result of collecting pensions from several retirement programs he qualifies for after starting his career in Washington in the 1970s.
"It’s pretty unusual, historically unusual, to have such a large pension amount," National Taxpayer Union Foundation President Demian Brady told the New York Post.
The estimate comes from Biden’s long-term career in politics, meaning he has the capability to receive benefits under the Former President’s Act of 1958, and retirement benefits from the Civil Service Retirement System for his time as a senator and vice president.
