Trump has been receiving presidential pension since January: report
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.
According to Insider, former presidents are paid the equivalent of Cabinet secretaries’ salaries.
Trump, who publicly boasted about his financial earnings from his businesses throughout his presidency, donated his presidential salary to federal agencies.
He donated his 2020 salary to the Department of Health and Human Services to help with the ongoing COVID-19 pandemic, according to Insider.
It’s unclear whether Trump has kept the pension or donated it.
The Hill has reached out to Trump’s office for comment.
Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed..
