General Motors CEO Rick Wagoner will leave his gig with a $20 million retirement package – a sweet, sweet deal.

After Obama called for the resignation of Wagoner as part of its restructuring of the auto industry, according to the documents reviewed by ABC News, although the Treasury Department has barred GM from paying severance to GM’s executives, Wagoner is still eligible to collect $20 million in retirement benefits.

During Wagoner’s reign as CEO, GM lost tens of billions of dollars, cut jobs and took billions in taxpayer aid.

Wagoner was among the shamed three auto industry CEOs who were called out by Congress when they each took private jets to Washington to ask for taxpayers bailouts. They returned a month later in hybrid cars. Lol! Wagoner became the butt of a Saturday Night Live skit which poked fun at his vague, rambling answers to their questions.

Wagoner, 56, who spent 32 years with GM, will be succeeded by second in command is Fritz Henderson, the president and chief operating officer, at least for now.