Are you considered ‘retired’ if you reach the end of your presidential term? Barack Obama’s pension is $203,700 a year. Also, $150,000 is set aside for private staff for the President per year for the first 30 months. Don’t know why they couldn’t just make it an even 36 months but there we go. Then, $96,000 per year after. So he’s going to have to change people’s salaries halfway through the year which is a bloody pain. Also, Michelle Obama will receive a pension of $20,000 per year. ‘First Lady’ is a ceremonial position and unofficially, they aren’t allowed to have a job throughout the Presidency.