Barack Obama left office with an everlasting legacy and a high approval rating. Now, he's set to collect some money post-presidency. How much? That's determined by the Former Presidents Act (FPA), which lays out the benefits past presidents receive after they leave office, including a pension and additional funds. According to the FPA, Obama's annual presidential pension is $205,700. Former Vice President Joe Biden, on the other hand, receives his retirement income based on his role as President of the Senate. Biden's pension could be around $248,670 per year based on the Civil Service Retirement System.
