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« Thought for the day | Main | Man who lost his sister at Parkland High not allowed to speak at March for our Lives »

Andrew McCabe's firing

Posted by David Hardy · 21 March 2018 02:53 PM

Being a former GS-14 and knowing something of the federal retirement system, I meant to research and blog on the effects of McCabe being fired just before his retirement date. Then I found someone else, more expert than I, had already covered the subject. He shows they hysterical media accounts of McCabe losing his pension, and how the actual impact is that he'll have to wait until 57 to start drawing his full pension, instead of doing so at 50. (I believe he could claim his pension right now, but the payments would be somewhat reduced.),

The retirement system hinges on age and years of service. For most federals, at age 60 you can retire with 20 years of service. For law enforcement, due to the risks and strenuous work environment (tho I doubt McCabe has had to run foot races against suspects or break up fist fights in a long time), you can retire at 50 with the same 20 years. So he's doing a lot better than most federal employees as it is. Since the article estimates his net worth at eleven million, he can probably get by.

2 Comments | Leave a comment

Anonymous | March 22, 2018 4:31 PM | Reply

Thanks

Jeffrey Dege | March 27, 2018 10:13 AM | Reply

McCabe was born March 16, 1968.

So he would have been able to draw retirement immediately.

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