Obama Looks To Raise Pension Fund For Former Presidents

President Barack Obama requested an increase in the fund for former presidents’ pensions for the fiscal year of 2017. The president also requested a pay raise for federal employees and military service members.

A recently published Congressional Research Service report found that President Obama requested incremental payments for the pensions of former presidents in his budget requests for the 2016 and 2017 fiscal years, Fox News reports.

Former presidents are provided federal assistance after they leave office because of The Former Presidents Act passed by Congress In 1958. The act ensures former presidents are given “a pension, support staff, office support, travel funds and mailing privileges,” Fox News reports.

In 2015, each former president received $203,700. After Obama’s budget proposal, this was increased to $205,700 for the current calendar year.

For the 2017 fiscal year budget proposal, Obama sought a 17.9 percent increase to the presidential FPA budget, which would amount to $3,865,000 in appropriations for expenditures for all living, former presidents.

In summer 2015, President Obama called for a pay raise for all federal workers, especially military service members, Examiner reports.

Democrats in Congress pushed for a bill that would give all federal workers a pay raise of 3.8 percent, but the legislation was blocked by GOP House representatives.

Instead, the president signed an executive order giving federal workers a one percent pay raise and military service members a 1.3 percent pay raise, the highest raise they received in five years.

In his 2017 fiscal year budget proposal, President Obama requested that federal employees be granted six weeks of paid parental leave, instead of the 12 weeks of unpaid leave offered now, The Washington Post reports.

Once Obama becomes the former president in 2015, he will add to the overall number of living presidents. To maintain the pension paid to former Presidents Jimmy Carter, George H.W. Bush, Bill Clinton and George W. Bush, Obama had to request for a larger overall budget.

Sources: ExaminerFox News, The Washington Post / Photo credit: Beverly & Pack/Flickr

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