Washington, DC - President Obama shares the goal of streamlining pensions given to former Presidents as a means to reduce costs to taxpayers. He stands ready to work with Congress on legislation to get that done.

Unfortunately, this bill as written would immediately terminate salaries and all benefits to staffers carrying out the official duties of former Presidents – leaving no time or mechanism for them to transition to another payroll. As written, this bill would also impair Secret Service’s ability to protect former Presidents by ending GSA’s role in managing operations, equipment and office space. Under this bill, GSA must immediately terminate leases, and remove furniture from offices of former Presidents working to fulfilling their continued public service responsibilities.

The President’s decision to veto this bill was made after consultations with the offices of each of the former Presidents, and is responsive to concerns they raised to us. We are working with Congress on the technical fixes to resolve these issues. If Congress provides these technical fixes, the President would sign the bill.