After retiring, Donald Trump will now get so many crores of pension, know what he will do now - Newztezz Online


Thursday, January 21, 2021

After retiring, Donald Trump will now get so many crores of pension, know what he will do now

Donald Trump is now the former US President and is staying at a resort located in Florida, separate from the White House. 
In 2015, when Trump decided to try his luck in the presidential elections, everyone was shocked. America's Billionaire whose fire was in the Forbes rich list and whose business has spread to many countries of the world including America, Asia and India.

Trump is considered to be a man living a royal life that has never lacked anything. What he wished to achieve, and even after this, as a former President, he has become the officer of many more facilities among many facilities. With the pension of crores of rupees, along with the protection of free travel and lifetime secret service agents, some more such benefits are going to be given to Trump.

2 million dollar pension

Former Presidents are given certain facilities under the Former Presidents Act. According to this law made in 1958, those Presidents who are not removed from office are given allowances and facilities under the US government law. If impeachment is proved on the trump, then they will not be given these facilities. Former presidents are on a government payroll after retiring under the US Constitution. Every year they receive $ 200,000 in pension and health care coverage. Apart from this, official travel is also free. In addition to Trump, his wife Melania will also receive a lifetime pension of $ 20,000 but with certain conditions. Trump would have received this first amount of pension as soon as he left the White House.

Expenses from office staff to servants

Trump will receive transition funding for seven months after leaving office. Under this, funds are available for office space, staff allowance, communication services such as phone and internet as well as printing posts. In addition, the President's private staff and related funding will be provided by the Administrator of the General Services Administration (GSA).

Up to 30 months of the beginning, the former President can give a job to every staff under an annual income of $ 150,000. After this the amount comes to 96,000. Former Presidents are entitled to treatment in Military Hospitals. The President pays for this at a fixed rate from the Office of Management and Budget. Presidents who have completed two terms of office can purchase health insurance under the Federal Employees Health Benefits Program.

Secret Service Protection throughout life

From 1965 to 1996, the former President, his wives and children were entitled to Secret Service Protection for a lifetime under the 16A Act. But after an amendment in 1994, the Secret Service Protection was limited to 10 years for those Presidents who have held office since 1 January 1997.

On 10 January 2013, the then President Barack Obama signed the Former Presidents Protection Act 2012. After this, the Secret Service Protection Rules were restored throughout life for George Bush, who was the first President including Obama and all the subsequent Presidents. Richard Nixon was the only President in American history who relinquished his security in 1985.

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