The presidential pension

[rutineli]

When an American president is obliged to give up that office after his second stint he (or one day perhaps she) will be paid a considerable pension for the rest of their lives.
Is the pension the same amount if the President has only completed a single term in office or does it increase if a second term has been completed??
In either case ,how does the rate compare on an international rate of scale?
Who decides and how often?

[dasherman]

US presidents didn't recieve a pension until 1959,but they now get a pension based on the salary of the current administration's cabinet secretaries (Executive Level I), which is $191,300 as of 2008.

I don't think it matters how long they held office.

[Rollo]

Then perhaps Bush should resign today - so his mate Cheney can be president for a day, and can have the pension too!

[R1Geezer]

Neither Bush nor Cheney are that hard up for small change!

[rutineli]

R1Geezer, I tthink you got it right in one there. They could donate a few bob my way or your way and not even miss it, or for that matter notice that it had gone.
I wonder what we will be paying to the fresh faced Mt Blair to finance the writing of his memoirs for an extra few Millions (was that �'s or $'s sir ?) as if a � or a $ would be worth anytthing, mind you, what will???