Planning to Retire

Dick Cheney Will Get a $132,451 Pension

January 16, 2009 RSS Feed Print

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Vice President Dick Cheney will weather the bear market with a pension worth an estimated $132,451 per year. His pension, based on service as a Representative, Vice President, and other executive branch posts, will also be regularly adjusted for the cost of living.

Cheney, currently age 67, could accumulate a lifetime retirement benefit of $3.24 million if he reaches his predicted life expectancy of 84.4 years, according to calculations by the National Taxpayers Union (NTU). That figure does not include any possible savings Cheney accumulated in the tax-deferred federal Thrift Savings Plan, which is similar to a private-sector 401(k) plan.

Former Vice President Al Gore’s initial pension in 2001 was approximately $94,810, NTU estimates. Cost of living adjustments bring Gore’s 2009 benefit up to $120,378.

President Bush will get a $196,700 pension this year.

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You state that "I know some do not like the President but he did not come from the rich and famous, he worked for what he and Michelle had. I think those in office do not want the middle class to make it! They want RICH and poor!" I hate to upset you, but have you ever done any research on Dick Cheney? He did not grow up in a rich household. The days of not having millionaire Presidents and VP's is in the past as now most of them have been in the Senate or Congress and have used that office as a way to wealth, which is not the way the founding fathers intended.

Tim of NC 2:23PM July 15, 2010

As a representative, cabinet post member, and VP Cheney deserves the pension.
But does anyone know if Mr. Cheney profited by being VP or did the value of his overall assets increase or not?
Does anyone know where Mr. Cheney is and if hes part of the Board of Haliburton?
W

Will of CA 7:05PM December 02, 2009

Wouldn't it be nice if we needed medical treatment we could have the best! What am I saying the best for some wouldn't it be nice if we could just be treated. Along with Cheney, Bush, Al and all the rest not only do they get a pension but they are taken care of for life! That's why most could care less about Universal Health Care. I know some do not like the President but he did not come from the rich and famous, he worked for what he and Michelle had. I think those in office do not want the middle class to make it! They want RICH and poor!
Back to the amount of Pension. We do not want bonuses given to those that have not earned them, maybe if the country suffered than pensions should not be given to anyone that served in office when our Country did not do well! Maybe then those in office would start doing what they are suppose to be doing working for the people not against the people and filling up the pockets of there already rich friends.

Pat Friebe of OH 2:48PM September 17, 2009

Dick Cheney Will Get a $132,451 Pension

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