A President's pension is currently $191,300.00 per year, until he is 80 years old.
Assuming the next president lives to age 80, Sen. McCain would receive ZERO pension as he would reach 80 at the end of two terms as president.
Sen. Obama would be retired for 26 years after two terms and would receive 4,973,800.00 in pension. Four point nine MILLION.
Therefore, it would certainly make economic sense to elect McCain in November.
4 comments:
Your math is a little off. It looks like you added 3 extra zeros on the end. The total for 26 years is $4,973,800.00. I do agree though that 4 billion would be to much.
Ha! That's what I get for cutting an pasting from an email. 5 mill ain't nothing to sneeze at, either...
Very interesting. I had no idea. Borrowing it.
Presidential pensions are lifetime benefits. So, John McCain would still receive a pension after two terms despite his age.
http://www.archives.gov/about/laws/former-presidents.html
http://www.snopes.com/politics/mccain/pension.asp
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