A bill to amend Public Law 85-745 to provide that a former President may receive monetary allowances under that law only after waiving any rights to receive any other annuity or pension to which the former President would otherwise be entitled under any other Federal law.

Permits a former President to receive the allowance provided specifically for a former President under Federal law only if he or she waives the right to any other Federal pension or annuity. Provides for the refund of the former President's contributions toward such waived pension or annuity.