Sideswipe: January 12: If you're happy and you know it... 11 Jan, 2021 04:00 PM 3 minutes to read Benefits of an outgoing president The Former Presidents Act, which was passed in 1958, after Harry Truman struggled to support himself after leaving the White House. Truman turned down a slew of cushy job offers, explaining that, "I could never lend myself to any transaction, however respectable, that would commercialise on the prestige and dignity of the office of the Presidency."The act allowed ex-presidents to benefits following their presidency, including a lifetime annual pension of around $200,000, lifelong Secret Service protection for themselves, their spouses, and their children under 16 and free travel for work and free post. Nixon's decision to resign the office of the presidency was probably a smart decision, financially speaking, as the Act indicates that a president who is forced out of office via impeachment would not be entitled to these post-presidency benefits. But because Nixon resigned before he could be impeached, the Department of Justice ruled that Nixon should be eligible to receive the same financial benefits of his fellow former presidents. (Via Mental Floss)